Posts tagged with "Dow Jones"

Washington Post publisher asks White House to help evacuate 204 journalists, staff, families from Kabul

August 18, 2021

Three top U.S. newspapers—The Washington Post, The New York Times, and The Wall Street Journal— are seeking help from the Biden Administration in getting their staffs and their families out of Kabul following the Taliban’s takeover of the capital of Afghanistan, CNN reports.

The Washington Post Publisher Fred Ryan emailed White House National Security Adviser Jake Sullivan on Monday, August 16, with an “urgent request on behalf of” his paper, The New York Times, and The Wall Street Journal.

Ryan asked to have the publications’ “204 journalists, support staff and families transported by U.S. Military from the civilian side of the Kabul airport to the military side of the airport where they can be safe as they await evacuation flights.”

“They are currently in danger and need the US government to get them to safety,” Ryan wrote. “Please advise as to how best to proceed.”

Later in the day, The Times published a separate group statement—signed by the publishers of each of the three papers and addressed specifically to Biden. The statement asks the President for protected access for their Afghan colleagues to a US-controlled airport, safe passage through a protected access gate and facilitated air movement out of Afghanistan.

Satellite images have shown significant crowds of people and traffic jams near the Kabul International Airport and at the tarmac. Witnesses at Hamid Karzai International Airport told CNN that thousands of people were there hoping to board flights out of the country.

Almar Latour, CEO of Dow Jones and Company and publisher of The Journal, echoed the urgency of Ryan’s plea for help in a statement to CNN.

“We can’t overemphasize the urgency of the situation,” Latour said. “Right now we are focused on seeking safe passage for our Afghan colleagues and their families who even now are bearing witness to events on the ground. We need the immediate support of the US government in bringing them to safety.”

The Committee to Protect Journalists’ Executive Director Joel Simon recently made a case for helping the Afghan journalists “who do the lion’s share of the reporting for international news organizations, which have shrunk their bureaus as the American presence has diminished.”

“[U]nless the U.S. government intervenes to bring them to safety, an entire generation of reporters will be lost,” Simon wrote in an op-ed in The Washington Post last week.

Last month, the CPJ and US media organizations asked the Biden Administration for humanitarian assistance and emergency visas for Afghan journalists. Signers of that July 20 letter included The Post, The Journal’s parent company Dow Jones; and The Times, as well as CNN.

The National Security Council and the White House did not immediately respond to CNN’s requests for comment. Biden said in a speech from the White House East Room Monday that the United States is “expanding refugee access to cover other vulnerable Afghans who worked for our embassy, US non-government agencies, or US non-governmental organizations and Afghans who otherwise are at great risk in US news agencies.

Research contact: @CNN

Atlantic Media Sells Quartz to Japan’s Uzabase

July 5, 2018

Atlantic Media, a private, Washington, D.C.-based company that owns a slew of digital, print, event, social, and video platforms—including The Atlantic, Government Executive Media Group, and National Journal—has announced the sale of Quartz, a six-year-old business news site, to Japanese financial intelligence and media firm Uzabase in a deal valued at between $75 million to $110 million.

Under the terms of the agreement, revealed on July 2, Quartz will take over the English-language version of NewsPicks, the Tokyo-based company’s global subscription-news service for consumers, within 30 days.

NewsPicks launched in Japan in 2013—and in the United States in mid-2017, as a joint venture with Dow Jones. Designed to be the first place professionals, investors, entrepreneurs, and executives go each day to get a curated, but comprehensive, selection of news, the NewsPicks content is aggregated from both traditional publishers and new media. Users can also customize their own individual feeds based on the people, publications, and keywords they follow. In Japan, the service has 3.3 million registered users and 64,000 paying subscribers, with a price point of $15/month.

It was just prior to the Asian launch of the publication that Uzabase CEO Yusuke Umeda  became aware of Quartz. “Five years ago, when I was originally thinking about launching a digital media business, I discovered Quartz for the first time,” he said. “I thought that they were truly the first new media company to successfully combine quality journalism with mobile technology, and they played a big role in inspiring me to launch NewsPicks. I am very excited to enter the next chapter of NewsPicks’s growth with a company and team that I respect so much.”

By bringing together the Quartz and NewsPicks businesses, Uzabase, which is listed on the Tokyo Stock Exchange, will be able to create a larger, more robust global business news brand that combines Quartz’s voice, original editorial content, advertising, product expertise, and international reach with Uzabase’s deep expertise in data and niche paid content. This partnership accelerates NewsPicks’ expansion into English-language markets in the United States and Europe. It also will accelerate Quartz’s transition into a paid- subscription operation.

Quartz’s two founders—Editor-in-Chief Kevin J. Delaney and Publisher Jay Lauf — will become co-CEOs of Quartz, reporting to Umeda. Quartz will retain its name and brand and continue operating from its New York City headquarters. Currently, Quartz has 215 employees, including 100 journalists based around the world; with offices in London, Hong Kong, San Francisco, Washington, D.C., and Chicago.

On average, management says, more than 20 million people access Quartz each month across its suite of digital products, including its website, an app, email newsletters, and video. Other Quartz products include a bot studio and Quartz Creative— the commercial division, which works with brands on content, insights, strategy and other business solutions. Half of the Quartz audience is from outside the United States.

Atlantic Media will continue to provide corporate support to Quartz through a transition period of at least one year following the acquisition. Atlantic Media Chairman and Owner David Bradley will continue to work with the company as a senior advisor and shareholder. Bradley, with Atlantic Media President Michael Finnegan, will continue to own and operate the privately held holding company’s other businesses.

This is far from the biggest publication takeover to close this year. Meredith bought out Time—publisher of Time, People, Sports Illustrated and InStyle —in  an all-cash-backed transaction of $1.84 billion that closed in February.

Research contact: Emily@AtlanticMedia.com