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.
PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…
CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…
Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…