How the NYT’s Athletic takeover sits alongside other recent digital media deals

Digital media valuations, relative to revenues, have fallen in recent years, according to this sample of ten high-profile deals. But the Athletic’s $550m valuation bucks this trend. (Circle sizes vary depending on valuation.)

Valuation and revenue figures in this chart come from company announcements and media reports. Scroll to the bottom of this article for more details.
Chart: William Turvill, Press Gazette