ISSUE – Oct. 21 | The Information reveals the startups in its first media accelerator and plans hiring spree

Business is looking for good for subscription-based tech news site The Information. This summer it announced plans for an accelerator program to encourage others to leap into paid media and today, at its summit event, it revealed the five successful applicants in batch one as well as its own hiring plans. The accelerator has a pretty diverse bunch which cover subjects that include tech — of course — Hollywood, investing and local news. The companies — which hail from the U.S., Europe and Asia and are of varying maturity and size — each get a $25,000 check alongside mentoring from The Information’s staff and help figuring out their distribution strategy and business model.

The project is a first of kind, and one that has serious potential when you look at how a number of the early paid-for media entities have progressed. [ CrunchBase ]

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