Quartz sold for less than $10 million
Business news site Quartz sold for less than $10 million last month to G/O Media, reports Sara Fischer of Axios. Fischer reports, “Quartz sold to Uzabase, a Japanese business data and news firm, in 2018, after its inception at Atlantic Media, for a reported $86 million. “In 2020, management bought the company back, with plans to reinvest. Quartz CEO Zach Seward […]
How a NY Times reporter is covering Musk’s deal for Twitter
Lauren Hirsch of the New York Times was interviewed by Emmett Lindner about her coverage of Elon Musk’s $43 billion offer to acquire social media company Twitter. Here is an excerpt: How did you begin covering Twitter and Elon Musk? I write for DealBook, so I cover anything having to do with deals. I fell into […]
Quartz CEO Seward to staff: You’ll get a cut of the sale
The following is a memo CEO Zach Seward sent to the Quartz staff Thursday morning: Hi, Quartz We have a new home: I have agreed to sell Quartz to G/O Media, the publisher of Gizmodo, AV Club, Jezebel, The Root, and several other great editorial brands. Together, we are forming a digital journalism powerhouse with more […]
G/O Media CEO: Quartz is a “marquee business brand”
G/O Media CEO Jim Spanfeller sent out the following email to staff about its Quartz acquisition: I am thrilled to announce that G/O Media has entered into an agreement to purchase business news publisher Quartz (www.qz.com). Attached is the press release that we are issuing on this terrific development. This transaction is the first addition […]
G/O Media acquires biz news site Quartz
G/O Media, the owner of websites that once were part of Gawker Media, has acquired the business news site Quartz for an undisclosed amount, reports Benjamin Mullin and Katie Robertson of the New York Times. Mullin and Robertson report, “Zach Seward, a co-founder and the chief executive of Quartz, will stay on at the company […]
