Reddit valued at $1.8 billion, Guardian stems losses & Facebook revenues rocket: this week in media

Reddit valued at $1.8 billion, Guardian stems losses & Facebook revenues rocket: this week in media

Reddit raises $200 million at a $1.8 billion valuation

Reddit has raised $200 million in new venture funding and is now valued at $1.8 billion, according to CEO Steve Huffman.  Investors include Andreessen Horowitz and Sequoia Capital.  Read more on Recode >>

Guardian stems losses as subscription revenue rockets

The parent company of the Guardian and Observer cut its losses by more than a third to £45m in the last financial year and more than quadrupled its number of paying members.  Read more on Guardian >>

Facebook crushes its Q2 numbers with $9.32 billion revenue

Facebook brought in $9.32 billion in revenue in the second quarter, mostly from mobile ads. While other social companies user bases stall, Facebook's rose to more than 2 billion monthly active users in the second quarter. The company also reported 1.32 billion daily active users.  Read more on Business Insider >>

UK TV expenditure set to fall 1.9% this year

Total TV ad expenditure in the UK is forecast to fall 1.9% this year, according Advertising Association/WARC Expenditure Report data.  Read more on DigitalTVEurope >>

YouTube now at 1.5 billion viewers - growth driven by TV

YouTube now has 1.5 billion monthly viewers thanks in part to a surge in big-screen viewing, according to company stats.  Read more on DigitalTVEurope >>

We're on holiday (back in 2 weeks!)

We're on holiday (back in 2 weeks!)

Altice grows EU footprint, Facebook preps $200 VR headset & on-demand audio soars: this week in media

Altice grows EU footprint, Facebook preps $200 VR headset & on-demand audio soars: this week in media