Just came across this media company called 'Future' today. Never heard of them before, but they are primarily digital media and run lots of smaller sites.

They have literally hundreds of "brands" (websites) that they manage.

Their revenue is $756M with an operating profit margin of 32%. That's $243M in profit. (source)

I've found a few other companies that are doing this well: Dotdash, Red Ventures, & Ziff Davis. I'm sure there are many more. I love the model.

This is what we're building at Starter Story! Profitable, focused on one channel, all digital, and one day we'll have a few brands.