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    The Athletic raises $40 million in new funding to challenge legacy sports media companies

    Fact checked by Vahe Arabian
    Vahe Arabian

    Founder and Editor in Chief of State of Digital Publishing. My vision is to provide digital publishing and media professionals a platform to collaborate and promote their efforts, my passion is to uncover talent and… Read more

    Edited by Vahe Arabian
    Vahe Arabian

    Founder and Editor in Chief of State of Digital Publishing. My vision is to provide digital publishing and media professionals a platform to collaborate and promote their efforts, my passion is to uncover talent and…Read more

    The Athletic

    Shelley Seale is a journalist, content creator, award-winning writer, author, publication designer, editor and communications professional. She can be reached at www.shelleyseale.com. and Twitter

     

    What’s happening:

    The Athletic, a digital sports media company, has raised an additional $40 million in a new round of funding. This capital adds to the previous investment money raised since its launch in 2016, bringing its total funding raised to $70 million.

    The Athletic is now valued at an estimated $200 million and thinks it can meet the growth expectations of venture capitalists in the digital media field.


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