Mic founders Jake Horowitz and Chris Altchek Photo: MicThe millennial-focused web publisher Mic announced last week that it was rolling out nine new channels. The company has raised $21 million in Series C funding, led by previous investor Lightspeed Venture Partners. Mr. Altcheck said there’s an opening for Mic to define how a mobile-focused and social media-centric generation consumes news. “But clearly of late it is one of the categories that is most important in video and TV. Yet in the TV business, their core challenge is that the median age of their viewer is really, really old.

Source: Wall Street Journal April 07, 2017 10:00 UTC