Willens writes, “Armed with new funds promised by Thai businessman Chatchaval Jiaravanon, who recently acquired Fortune from Meredith for $150 million, the business publication will be developing several paid products at both consumer and professional price points, Fortune CEO and president Alan Murray said.
“While the exact size of the investment has not been made public, Murray said the funds will enable the publisher to bolster its newsroom staff and invest in new technology and markets. The funds will also allow Fortune to bolster business divisions such as the Fortune Knowledge Group, a creative services division that had been folded into Time Inc.’s branded content studio, The Foundry. Fortune also plans to expand its lucrative events business, which it has begun to treat more like a memberships business, with customers paying big fees for a mixture of editorial content, marketing services, access to events and networking services.”
Read more here.
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…
Zach Cohen is joining Bloomberg Tax to cover the fiscal cliff and tax issues on…
Larry Avila has been named interim editor for Automotive Dive, an Industry Dive publication. He…