Exclusive: Glenn Beck’s company makes how much?

May 07, 2013

Dan Primack was a senior editor at Fortune from 2010 to 2016. He was also the author of Term Sheet, Fortune's daily newsletter about deals and dealmakers.

FORTUNE -- Glenn Beck's right-wing media network TheBlaze is generating between $35 million and $45 million in revenue per year, according to information obtained by Fortune. Beck's broader business empire, which also include his eponymous radio program and speaking tours, brings in more than $80 million annually.

Beck launched TheBlaze as a news and opinion website back in 2010, and later expanded into television and radio upon his departure from Fox News in 2011. It also includes an e-commerce marketplace that features products from small businesses.

The New York-based company recently disclosed in a regulatory filing that it is seeking to raise upwards of $40 million in private equity funding.

My understanding is that the money would be used to expand TheBlaze's content offerings and distribution (some of which was taken care of last week by Cablevision). The company also is telling prospective investors that it expects a compound annual growth rate of nearly 45% over the next five years.

A company spokesman previously declined to comment on the fundraising, which is being managed by New York merchant bank Hypatia Capital Group.

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