Candle In The Wind: 5-Year-Old Media Firm Faces New Questions After Hello Sunshine Exit

Candle Media, a 5-year-old media firm, faces uncertainty after selling its majority stake in Hello Sunshine, a company co-founded by Reese Witherspoon. The financial details of the sale have not been disclosed, and industry veterans question the firm's future.

The sale comes after Candle Media raised $1 billion in funding last year, with investors including Blackstone and AT&T's WarnerMedia. Witherspoon is buying back Hello Sunshine in partnership with Mediawan, a French media company.