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PressPad, an attempt to bring some class diversity to posh British journalism, is shutting down
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Axios / Sara Fischer / Sep 28
A larger portion of the company’s profits now comes from its specialty data and software businesses — including the credit rating company Fitch Group — compared to its magazines, newspapers, and TV stations. Ten years ago, CEO Steve Swartz noted, Hearst’s B2B portfolio represented less than 10% of total profits. This year, it will be “north of 40%.”
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