Morning Brew shuffles leadership, continues to see growth

Morning Brew co-founder and CEO Alex Lieberman is becoming executive chairman and co-founder Austin Rief will take his place as CEO, reports Sarah Fischer of Axios.

Fischer reports, “The changes come less than a year after Insider acquired a majority stake in Morning Brew. The upstart business newsletter outlet is now branching into podcasts, live events, and social video.

“By the numbers: Rief says the company has flourished under its new ownership structure, and expects to nearly double in revenue this year.

Revenue: $20 million in 2020 and $13 million in 2019. This year, Rief says the company is expecting revenues ‘in the high $30 millions’ while remaining profitable.
Subscribers: ‘Revenue across the board has increased dramatically,’ he says. ‘As has readership.’ Rief says the company now has 3 million subscribers across all of its five newsletters.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.