Fortune: Thrillist.com started a decade ago, born out of an e-mail newsletter, and has grown into a network of localized sites covering food and entertainment for a young male audience. Now Thrillist Media Group is announcing $54 million in new funding. Along with the new funding, the company — which previously housed Thrillist.com, JackThreads.com and Supercompressor.com — is splitting its businesses into two separate entities: one for content, one for commerce. Axel Springer will be the lead investor in the media side, Thrillist, while Oak Partners and SBNY are lead investors in the commerce side.