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New media investment firm Attention Capital acquires Girlboss – TechCrunch

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Attention Capital, a new outfit that buys, builds and scales media brands, is acquiring Girlboss, the female-focused multi-media business founded by Sophia Amoruso, who will join the firm as a founder partner.

A spokesperson for LA-based Girlboss declined to disclose terms of the deal but said Attention Capital has acquired 100% of the business. Girlboss had raised $3.1 million in venture capital funding in 2017 from Lightspeed Venture Partners.

Today’s announcement represents Amoruso’s second exit, though her first M&A deal was more of a rescue operation. She previously founded and led the millennial retailer Nasty Gal, growing it from a small eBay store to a fashion giant that observed more than $300 million in sales at one point in time. Ultimately, Nasty Gal lost its way. The business filed for Chapter 11 bankruptcy protection in 2016 after raising $65 million over its 10 years of operation.

In 2017, Nasty Gal was acquired for a meager $20 million. Meanwhile, Amoruso was on to a new and similarly venture-backed business, one born out of the success of her book, #GIRLBOSS, which the company said has sold more than 500,000 copies since it was published in 2014.

“Girlboss is built on the idea of powering growth through community,” Girlboss chief executive officer Amoruso said in a statement. “The Girlboss movement’s viral success makes evident that women are more successful if they have access to each other and can share their experiences.”

Attention Capital, founded by media heavyweights including former Fox Networks Group president Joe Marchese, Snap’s former head of content Nick Bell and former Palantir executive Ashlyn Gentry, seeks to acquire media and technology platforms that “properly measure and value attention and are positioned to exponentially benefit in a market correction of the attention economy.” The new firm plans to raise up to $500 million, according to earlier reporting. Attention Capital has previously acquired a majority stake in Tribeca Enterprises through a deal led by James Murdoch’s Lupa Systems.

“Girlboss is an internationally known brand that is redefining what it means to be entrepreneurial—it’s not just starting your own business, it’s taking a risk, looking for that next role, making a career switch and taking a step into the unknown,” Gentry, the former senior vice president of commercial growth and business strategy at Palantir, wrote in a statement. “Millions of women feel more comfortable going on this journey because they know they have Sophia and the global Girlboss community right there with them. The loyalty and passion that this brand captures makes it a massive market opportunity and at Attention Capital we’re looking forward to working with the team on Girlboss’s expansion.”

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Sunday January 17th 2021 Media Release – Brandon Police Service – Brandon Police Service

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Media Release for January 17th

Theft of Vehicle

Police received a report that a vehicle that had been left running was stolen from the 200 block of 10th Street at approximately 7:00PM January 16th.  Police located the vehicle on Victoria Avenue a short time later.  When police attempted to stop the vehicle it fled and a short pursuit was initiated.  The vehicle ended up in the ditch on Hwy 1 west off Brandon and while police were attempting to make an arrest, the vehicle intentionally collided with a police vehicle and fled eastbound on Hwy 1.  The stolen vehicle was later recovered by the RCMP abandoned in a field in the area of Minnedosa.  No Police Officers were injured during this incident. 

Theft of Vehicle

A vehicle was reported stolen from a driveway in the south part of the city.  The Ford truck had been left with the keys inside the vehicle and unlocked.  The vehicle was recovered with the assistance of an App the owner had installed that located the vehicle in the 000block of 26th Street.

Assault

A 43-year-old Brandon Male has been charged for assaulting a member of Brandon Fire and Emergency Services.  First responders were treating the male who was reported to be having breathing difficulties when he became disruptive and began intentionally coughing on BFES members and proclaiming that he was COVID positive.  Police took the male to hospital for treatment of his medical issues.  He has been released from police custody to appear in court March 1st 2021.

Anyone with information on any unsolved crime is asked to call Brandon Crime Stoppers at 204-727-(TIPS) 8477, www.brandoncrimestoppers.com or by texting BCSTIP and your message to CRIMES (274637).  Crime Stoppers pays up to $2000.00 cash for information that leads to the solution of a crime.

CRIME STOPPERS 204-727-TIPS

RELEASE AUTHORIZED BY:

Sgt. B. Verhelst #106

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More Media Coverage Drives Improved Stock Performance, Researchers Find – Forbes

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In turns out that stocks that attract consistent headlines offer better returns to investors of around 2.6% a year over past decades according to research.

Two researchers have published a paper on this topic of the ‘Value of Visibility’, they are Alexander Hillert of Frankfurt University and Michael Ungeheuer of Aalto University. They analyzed stock performance based on New York Times

NYT
coverage from 1924-2013 along with other relevant datasets.

They find that stocks that attract news coverage can see other benefits too. Such stocks can see higher growth in sales and profitability, as well as improvements in corporate governance.

It also appears that CEOs who perform poorly at companies with high media exposure are more likely to lose their jobs. This may not be good for them, but is considered to be good for the stock price. This may be one way in which more media coverage drives stock performance.

Types Of Coverage

The media coverage that can help drive stock performance does not need to be positive. Even stocks that receive negative media coverage generally see more positive stock price performance than those stocks that see less media attention.

There is significant variation in which firms see New York Times coverage, about 30% to 60% of firms receive some coverage annually. The rate of coverage has actually declined over time as the New York Times has shifted focus away from covering company’s financial reports to a great focus on other news events.

Controlling For Factors

Of course, it’s important to be careful when examining media coverage because it can correlate with other factors. For example, larger companies generally receive more media coverage. So maybe company size is the real driver of this effect, not media coverage. However, the researchers control for this, and do find that media coverage does appear to be a driver of returns, even after other factors are controlled for.

Motivation

A secondary question is why increased media coverage should lead to improved stock price performance.

The researchers suggest two main effects here, building on prior research by Philip Tetlock. There may be two ways in which greater media coverage help firms. The first is essentially free advertising. More media coverage can drive demand for company’s products and services. They find support for this view. So the greater media coverage may help improve sales and profits.

Secondly, media coverage can improve governance. It’s likely harder for a company to commit fraud or retain an underperforming CEO when they have more media attention. The researchers find support for this view too.

It also appears that this effect may still occur today. The researchers split their dataset and found the effect to be just as strong after 1974 than before. They also looked at Wikipedia page views in recent years from 2009-2014 as a proxy for more recent media attention. They found that Wikipedia page attention too, was a good predictor of stock price performance. Therefore, the effect may still exist today and likely spans multiple forms of attention that companies receive, not just newspaper coverage by the New York Times.

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More Media Coverage Drives Improved Stock Performance, Researchers Find – Forbes

Published

 on


In turns out that stocks that attract consistent headlines offer better returns to investors of around 2.6% a year over past decades according to research.

Two researchers have published a paper on this topic of the ‘Value of Visibility’, they are Alexander Hillert of Frankfurt University and Michael Ungeheuer of Aalto University. They analyzed stock performance based on New York Times

NYT
coverage from 1924-2013 along with other relevant datasets.

They find that stocks that attract news coverage can see other benefits too. Such stocks can see higher growth in sales and profitability, as well as improvements in corporate governance.

It also appears that CEOs who perform poorly at companies with high media exposure are more likely to lose their jobs. This may not be good for them, but is considered to be good for the stock price. This may be one way in which more media coverage drives stock performance.

Types Of Coverage

The media coverage that can help drive stock performance does not need to be positive. Even stocks that receive negative media coverage generally see more positive stock price performance than those stocks that see less media attention.

There is significant variation in which firms see New York Times coverage, about 30% to 60% of firms receive some coverage annually. The rate of coverage has actually declined over time as the New York Times has shifted focus away from covering company’s financial reports to a great focus on other news events.

Controlling For Factors

Of course, it’s important to be careful when examining media coverage because it can correlate with other factors. For example, larger companies generally receive more media coverage. So maybe company size is the real driver of this effect, not media coverage. However, the researchers control for this, and do find that media coverage does appear to be a driver of returns, even after other factors are controlled for.

Motivation

A secondary question is why increased media coverage should lead to improved stock price performance.

The researchers suggest two main effects here, building on prior research by Philip Tetlock. There may be two ways in which greater media coverage help firms. The first is essentially free advertising. More media coverage can drive demand for company’s products and services. They find support for this view. So the greater media coverage may help improve sales and profits.

Secondly, media coverage can improve governance. It’s likely harder for a company to commit fraud or retain an underperforming CEO when they have more media attention. The researchers find support for this view too.

It also appears that this effect may still occur today. The researchers split their dataset and found the effect to be just as strong after 1974 than before. They also looked at Wikipedia page views in recent years from 2009-2014 as a proxy for more recent media attention. They found that Wikipedia page attention too, was a good predictor of stock price performance. Therefore, the effect may still exist today and likely spans multiple forms of attention that companies receive, not just newspaper coverage by the New York Times.

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