Exclusive: Recurrent Ventures Raised $300 Million. Where Did It Go?

In May 2022, media company Recurrent Ventures announced that it had raised $ 300 million from private equity firm Blackstone to finance the expansion of its editorial portfolio. But in the nearly two years since, it has only shed properties, eliminated staff and churned through executive leadership. The equity investment aimed to supercharge Recurrent Ventures’ commercial…
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