Business
Sherwood Media Portfolio Grows with Chartr Limited Acquisition

Sherwood Media Portfolio Grows with Chartr Limited Acquisition

12/19/23 7:00PM

Sherwood Media, LLC has added U.K.-based Chartr Limited, a data-driven media company and newsletter publisher, to its portfolio through an acquisition by Robinhood Markets, Inc. Chartr’s visual storytelling turns complex data into easy-to-understand narratives, and will now give the tens of millions of readers of Sherwood Media the ability to better understand the finer details of important trends and the news of the day.

Offering clear and thoughtful insights into complex data is a natural extension of Sherwood’s mission to empower its readers to have the information they need to control their financial future. The acquisition of Chartr gives audiences new ways to understand and see news and market-moving trends. Readers can expect to find Chartr stories across Sherwood content, including Snacks, a daily markets and business newsletter that has one of the largest audiences in the country.

“In a space increasingly dominated by social & visual media that’s sorely lacking in substance, Chartr has found a way to give you information that not only stops you in your tracks, but makes you feel rewarded for spending the time. Their ability to take hard numbers and turn them into fascinating narrative adventures is unmatched, and their rapid growth over the last several years is a testament to that. Chartr’s brand of visual storytelling is a perfect compliment to what we’re building at Sherwood Media, and will help us supercharge our work on rethinking how news is delivered, which stories get told, and what audiences need right now.” – Joshua Topolsky, Editor-in-Chief and President, Sherwood Media

“Chartr was founded to help democratize data storytelling, to distill complex narratives into impactful visuals, and surface easy-to-understand insights typically unavailable to a wider audience. From our first conversation, it was clear that we shared the vision that Josh and Sherwood Media are building: a news org for a generation lost between the business broadsheets of yesteryear, and the short-form social media stories of today. We’re incredibly excited to build on Chartr’s progress with Sherwood, telling stories not just from a different perspective, but in an entirely new way.” – David Crowther, Founder of Chartr

Chartr will continue its newsletter publication and join Sherwood Media, bringing its visual storytelling to tens of millions of new readers. The addition of Chartr will be integral as Sherwood continues to launch new editorial offerings, complementing Snacks with more always-on news, updates and analysis, original reporting, new newsletter offerings, social-first content, and live events.

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc.

More Business

See all Business
business

Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

business

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.