Turner purchases Refinery29 in $45m digital gamble

Time Warner owned Turner has signaled its intent to punch out of old media and embrace new digital investment opportunities with the $45m purchase of Refinery29.
Inspiring the tie-up is a vision of melding Turner’s content development, data, ad sales and technology to broaden Refinery29’s reach amongst its target market of millennial women.
Turner president David Levy remarked: “In order to achieve success in today's quickly evolving digital environment, we believe in partnerin