Crawling from the wreckage

Things are tough all over — but especially in the digital media business of 2018.

Probably the most high-profile flameout this year was at Mic, which laid off most of its staff ahead of an acquisition by Bustle. Mic had raised nearly $60 million in funding, with major media organizations like Time Warner and Bertelsmann writing checks for the company’s vision of delivering news to a millennial audience.

But Mic’s issues were just the capstone