Max Frumes, a senior editor at Reorg Research, is leaving the business news organization.
On LinkedIn, Frumes writes, “I was Reorg’s first employee and saw it grow into a profitable news powerhouse with nearly 100 employees producing a vast amount of industry-leading content. It’s been amazing being part of such a growth story at a time when journalism itself has struggled to find an identity – let alone profitable business models.
“The CEO and founder Kent Collier noticed my work (good business reporting gets noticed!) when I was working for a niche publication now called S&P Capital IQ LCD within what is now McGraw-Hill Financial — a job that was my dream job at the time. It was nerve-racking leaving such a great job for something so uncertain. Zero employees until me, zero revenue, zero content! But it sounded like something I couldn’t pass up to be part of a startup, have some ownership stake and really be part of something new. Then Reorg grew. Bolstered by the reputation already garnered by Kent’s anonymous blog distressed-debt-investing.com, we started producing content with his investor’s eye for what hedge funds wanted. Kent hired the best salesman in the industry — and it was so important that sales and editorial were on the same page — and we hired financial analysts and lawyers and turned them into journalists to combine with my top-tier financial reporting. At all times Reorg made sure technology was of the utmost importance, something that enables all the proprietary data collection and reporting efforts.
“Reorg’s reporting and news grew rapidly in importance and built a reputation among a sophisticated business audience and financial firms that ultimately were willing to pay top dollar for subscriptions.”
Read more here.
