Media News

Fortune faces uncertain future

Fortune magazine faces an uncertain future in the wake of executive departures and an owner who wants to double revenue in the next three years, reports Mark Stenberg of Adweek.

Stenberg writes, “When the business publisher Fortune was first spun out of the former Meredith Corp. in 2018, it faced an uncertain future.

“The legacy title had launched a standalone website only four years prior, had no digital subscription program, and had only a fledgling online readership. Nearly six years later, however, the 94-year-old publisher has since joined the growing list of legacy media titles that have, however improbably, found commercial stability in the digital era.

“Last year, Fortune generated around $130 million in revenue and notched its third straight year of profitability, according to interviews with seven former and current staff.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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