Yahoo Inc. owns TechCrunch, Autoblog, and Engadget, plus some other stuff, along with their own Yahoo-branded stuff (excluding Yahoo Japan, which is a totally separate company). It's a ton of eyeballs, and they sell the ads on their sites.
I don't know how they're structured / what they really do as a company now, but they do still seem to have a well-regarded news division (or, they at least aggregate quality content).
Well, they used to until I read this. Once they throw this AI nonsense into it, I'm bailing.
Every time I end up on Yahoo News, it's an article that's been republished from somewhere else. I have no idea what their business model is. Ads, I assume.