None of the conversations right now involve a change of control at the company.
Share on linkedin Local newsletter company 6AM City is in talks with the broadcaster Tegna and other media companies about a strategic minority investment, sources told Axios.The seven-year-old startup is looking for a partner to help it scale faster as it aims to become profitable next year.The firm has talked to over a dozen companies, including legacy media outlets and various content companies, a source told Axios.
Different partners could make sense strategically, depending on their regional footprint or local expansion plans. It has started to expand into other revenue streams. The firm, for example, launched Six & Main, an online shopping platform for local businesses in 2022.The Greenville, South Carolina-based company is projecting around $9 million in revenue this year, up from $6.3 million last year and $3.6 million in 2021, the company's chief operating officer and co-founder Ryan Heafy told Axios.
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