Buzzfeed and Vox Media: $1 billion businesses

Old media is buying its way into new media, again, with NBCUniversal throwing cash at Buzzfeed and Vox Media:

BuzzFeed, meanwhile, is expected to be worth $1.5 billion after its NBCU investment, which multiple sources say is also $200 million — not the $250 million we had previously reported.

Some interesting figures when compared with the leaked costs from earlier.

And as for Vox:

The media giant is investing $200 million in Vox Media, at a pre-money valuation of $850 million, according to several sources. Which is another way of saying Vox Media is now worth more than $1 billion, after raising around $300 million altogether.

Remind me again how there’s no money in digital?