A Nashville venture firm and operator has made another media buy, just weeks before opening its new Germantown headquarters.
Savage Ventures has purchased Washington, D.C.-based news organization Rare Media, according to a news release. Terms of the deal were not disclosed.
Rare, which hasn’t been operational since 2021, will now be headquartered in Nashville, inside Savage Ventures’ new offices.
Founded in 2013, Rare was launched by Atlanta-based COX Media, according to the release, to be a “voice of truth in the media landscape.” The company had 15 million social media followers and 40 million website visits per month at its peak.
As a result of the deal, Rare launched a new website Wednesday and will create a sports news vertical later this year.
“We are very selective with the projects we choose to take on, and we view the acquisition and relaunch of Rare Media as one of the largest growth opportunities we have seen,” Savage Ventures CEO Sam Savage said in the release. “We are taking on a trusted media brand focused on bringing the American people back together – with no spin – and will build upon that foundation.”
The deal comes five months after Savage Ventures purchased Nashville-based Neon Media Group for an undisclosed price and rebranded it as Savage Media and less than one year after it sold Clay Travis’ Outkick to Fox Corp. Savage Ventures portfolio also includes American Songwriter, MyDrHank and Savage Sports.
The company expects to open a new 5,000-square-foot headquarters in Germantown, which will house all its brands, in a matter of days.
"We are set to move in at the end of this month and will be doing several open house events starting in June,” Savage said in an emailed statement. “Germantown has so much character. We love the proximity to everything in town as well as the distinct culture, local food scene, and charm."
