Mullin and Robertson report, “Zach Seward, a co-founder and the chief executive of Quartz, will stay on at the company as Quartz’s editor in chief and general manager, said Jim Spanfeller, the chief executive of G/O Media.
“The companies declined to disclose the deal price.
“Mr. Spanfeller said Quartz was an attractive acquisition because of its high-quality global business journalism, which has the potential to lure subscribers and valuable advertisers like the consulting firm Accenture to G/O Media.
“The company is focused on buying websites that broaden G/O’s editorial focus and expand into new categories, Mr. Spanfeller said, ‘and at the top of that list is business journalism.'”
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