Here is an excerpt:
WSJ: And yet your biggest investment of the past year was in financial information and data, with your taking a bigger stake in Fitch. Why?
Mr. Swartz: Taken as a whole, business information is now the second-largest business of the Hearst Corp., in terms of profits, behind the cable television networks. Whether we are talking about financial-services information, our health-care businesses, or our automotive-information businesses, they all produce data and analytics and services that are used in the day-to-day business of the customers, and that’s an area that we very much believe in. We will expand in financial services, we’ll expand in health care, we’ll expand in automotive related businesses and frankly, we are looking for a fourth and or fifth area of business information to be involved with.
Read more here.
Thomas Maxwell has joined Gizmodo as a tech reporter. He previously was at Business Insider covering…
Banking Times has acquired the domain name "The New Fiver" for an undisclosed amount, aiming…
The Canadian Press has hired Kyle Duggan as a reporter. Duggan has been an Ottawa-based reporter for…
Bloomberg Media is starting a new service called Bloomberg Live Q&A, an audio-based platform that…
Wall Street Journal reporter Hannah Miao is moving to Singapore to cover the China economy.…
Financial Times reporter Simon Foy is now covering European banks. He has been covering accounting for the…