Morning Brew parted ways with its chief operating officer and chief revenue officer last week, report Kerry Flynn and Sara Fischer of Axios.

Flynn and Fischer report, “It’s the latest in a series of major leadership changes, layoffs and strategic shifts since Insider acquired the digital media startup in 2020.

“Catch up quick: Insider is owned by Axel Springer. The German media giant has been expanding more into the U.S., acquiring Politico in 2021 and in turn making Morning Brew a smaller part of its growing portfolio.

“Morning Brew was founded in 2015 when Alex Lieberman and Austin Rief were at the University of Michigan. It expanded from one business-focused newsletter to more newsletters, podcasts, video series and other products. Insider’s deal valued the company at around $75 million.”

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