Posts tagged with "Time"

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

Nearly 80% of South Koreans now trust Kim Jong Un

May 3, 2018

The rapprochement between South Korean President Moon Jae-in and North Korean leader Kim Jong Un, which took place at the border between the two countries on April 27, has had a radical effect on the people of South Korea, Bloomberg reports.

Just over a month ago, the polling organization Gallup found that just 10% of South Koreans approved of Kim. However, findings of a poll of 1,023 South Koreans released on May 1 by the Korea Research Center, show that, now, 78% of respondents trust the controversial ruler.

In turn, The Week reports that Moon is well-liked in South Korea, where he has an 86% approval rating. Respondents to the Korea Research Center poll cited several key moments in the summit between the two leaders as impressive—including the pledge to denuclearize the Korean peninsula. Thirty percent of respondents said Moon’s decision to cross the border was the most impressive part.

Nearly 90% of South Koreans said the summit was a productive step forward.

Later this month, U.S. President Donald Trump may have the opportunity to create his own détente with Kim at the same location—the demilitarized zone separating the two Koreas. That site makes the most sense for the North Korean leader, News 4 Jacksonville reports, because media facilities and equipment already are in place.

Will the proposed Trump-Kim talks open up the Hermit State? Only time will tell.

Research contact: @Jee_vuh

Nobody’s perfect, including Mom

November 1, 2017

Call it the Goddess Myth, which is what Time magazine did on its cover on October 30. Spawned by the maternity industry and pursued dauntlessly—even heroically—by women from the time they are old enough to diaper a Betsy Wetsy (or its modern-day equivalent), it is a dogma that dictates how they should “mother” their offspring from inception on.

“It tells us that breast is best; that if there is a choice between a vaginal birth and major surgery, you should want to push; that your body is a temple and what you put in it should be holy; that sending your baby to the hospital nursery for a few hours after giving birth is a dereliction of duty,” the story says. “Oh, and that you will feel–and look–radiant.”

Indeed, a survey of 913 mothers commissioned by Time and conducted on behalf of the weekly news magazine by SurveyMonkey Audience found that half of all new mothers had experienced regret, shame, guilt or anger.

It’s equivalent to bullying and it comes from friends, mothers, sisters, colleagues, books, doctors, nurses, midwives, even strange women on the street—and not as much from men.

According to respondents, a large majority—more than 70%—feet pressured to do things in a very particular way. And many feel like failures even before the baby comes home: More than half said a natural birth was extremely or very important, yet 43% wound up needing drugs or an epidural, and 22% had unplanned C-sections.

Breastfeeding, too, turns out to be a great deal more difficult, and often more painful, than anticipated. Out of the 20% who planned to breastfeed for at least a year, fewer than half of survey respondents actually did—and many were embarrassed to admit that they had lapsed.

As Rachel Zaslow, a certified nurse-midwife in Charlottesville, Virginia, told the magazine, “The minute a person becomes pregnant, there’s a notion that if you’re not doing those kinds of things, you’re not a good mother.”

Research contact: parents@time.com