CRO Todd Anderman is being replaced by a triumvirate of executives with digital advertising and agency backgrounds.
Group Nine hasn't disclosed if it's profitable. It's valued at $500 million, based on Discovery valuing its 42% stake of the company at $212 million. Discovery has an option to buy the remaining stake in the company but hasn't exercised it.
Anderman became Group Nine CRO in January 2018 after starting in sales roles at Thrillist. In a LinkedIn post, he didn't indicate if he had another job lined up: After an amazing 6 1/2 years, I am moving on from Group Nine Media/Thrillist. It's been an awesome ride, and I'm so proud of everything that we built together...at first at Thrillist, and then to the formation of Group Nine Media, which is now one of the largest digital-first publishers in the world. A big thank you to everyone at Group Nine - it's been an honor and a privilege to work with such a talented and passionate team and it's been a blast to build this business together.
So what's next for me? I'm going to take a hot minute to enjoy the summer with family and friends. I just signed up for a new gym membership that I actually plan on using more than once. Going to hang out with my college-bound son before he heads off to school, and I'm going to recharge my batteries before I jump into my next adventure!
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