Steigard reports, “A Bloomberg spokesman declined to comment. Meredith said: ‘It is our policy not to comment on market rumors or speculation.’
“Despite the buzz about Bloomberg, insiders wondered how Fortune would fit into Bloomberg’s print portfolio, which includes rival Bloomberg BusinessWeek and Bloomberg Markets.
“Acquiring Fortune could help eliminate a competitor with a strong brand, one source mused. Perhaps best known for its Fortune 500 franchise, the magazine also hosts profitable live events, such as the ‘Most Powerful Women Summit’ and ‘Fortune Global Forum.’
“According to a Reuters report citing anonymous sources, Fortune and sister title Money raked in more than $20 million in 12-month earnings before interest, taxes, depreciation and amortization. Fortune’s going rate could not be determined.”
Read more here.
Wall Street Journal editor in chief Emma Tucker sent out the following on Friday: Dear…
New York Times metro editor Nestor Ramos sent out the following on Friday: We are delighted to…
Rahat Kapur of Campaign looks at the evolution The Wall Street Journal. Kapur writes, "The transformation…
This position will be Hybrid in the office/market 3 days per week, and those days…
The Fund for American Studies presented James Bennet of The Economist with the Kenneth Y. Tomlinson Award…
The Wall Street Journal is experimenting with AI-generated article summaries that appear at the top…