Nautilus to be acquired by an investor group of fans • Hacker News Board

Re: Nautilus to be acquired by an investor group of fans

#61

Post by newscracker » Thu, Oct 31, 2019, 5:52 AM UTC

joshdilworth wrote: post #58

I’m one of the new co-owners. All of us are longtime subscribers. This is about love for the magazine and its mission first and last. We’re not going to change Nautilus. We just want to get it into the hands of many more people. We do think we can navigate Nautilus to a sustainable place for the long haul; the market is there and the product is fabulous. We just need to operate it precisely and keep investing in grea…

I didn't see anything in the announcement about existing subscriptions and how they'd change. I'm interested in knowing what may happen to lifetime digital subscribers. I can understand it being removed and something else put in place, but the question would be "at what price?"

Re: Nautilus to be acquired by an investor group of fans

#62

Post by blaser-waffle » Thu, Oct 31, 2019, 1:51 PM UTC

ndarwincorn wrote: post #20

kristjankalm wrote: post #10

Earlier quoted context omitted.

> And we all know that consumers don't fork enough money to support ads-free journalism, which leads to perverse incentives. yes they do. susbcription-based models are doing quite well. besides the big heavyweights, in UK alone there are several smaller and successful subscription-based magazines: the TLS, the economist, the spectator etc. in us sports there's 'the athletic' and its clones.

> 'the athletic' and its clones None of which have actually taken off their runway as far as I know.

Indeed. This is the first time I've heard of it.

Re: Nautilus to be acquired by an investor group of fans

#63

Post by yowlingcat » Thu, Oct 31, 2019, 2:29 PM UTC

formercoder wrote: post #29

yowlingcat wrote: post #4

Earlier quoted context omitted.

Is it? While "syndicate" might have been a more succinct and accurate way of describing that group, it is a little bit uncommon. From most instances I can recall, acquisitions tend to be by a single corporate entity or a private equity fund of some kind. Unless such an entity existed prior to this acquisition, it does seem a bit out of the ordinary.

Just the deals you regularly hear about in the news. JVs and multi fund buyers are not at all unheard of.

I said the same thing in another sibling comment, but I'd love to hear more if you've got some experience in the space and are willing to share!