Financial news site Quartz has been sold to software company Redbrick for an undisclosed amount.
Sara Fischer and Kerry Flynn of Axios report, “Redbrick is buying Quartz as part of an effort to scale publishing sites using tech from its other portfolio companies, a similar model to that used by Recurrent Ventures, The Arena Group and others. In 2024, Redbrick launched Digital Entrepreneur, a biweekly interactive magazine.
“Quartz will serve as Redbrick’s ‘foundation for expanding into next-generation media strategies,’ the company said in a statement on Friday.
“Redbrick said it will integrate Paved, a newsletter advertising platform it acquired last month, with Quartz to better monetize Quartz’s newsletter subscription base ‘of more than one million opt-in members.'”
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