Hearst Makes Another Investment in Complex Media

New York Post: Hearst is doubling down on its investment in Complex Media, the edgy digital outfit that targets young men. Complex, which is vying with Vice Media and others for millennial males, first received $21 million from Hearst in September 2015. While the size of Hearst’s latest investment couldn’t be learned, it underscores the growing importance of content that can be shared on social media as traditional media companies chase younger consumers.