Quartz (publication) explained

Commercial:Yes
Language:English
Owner:G/O Media
Revenue: $26.9 million (2019)
Net Income:-$18.4 million (2019)
Quartz

Quartz[1] is an American English language news website owned by G/O Media. Focused on international business news, it was founded in 2012 by Atlantic Media in New York City as a "digitally native news outlet for business people in the new global economy".[2] It initially did not have a paywall, then in 2019 did, then dropped it again, in 2022.[3]

History

On September 24, 2012, Quartz launched its website,[1] designed to deliver content primarily to mobile and tablet users. Its founding team members were from news organizations including Bloomberg, The Economist, The New York Times, and The Wall Street Journal.[4] [5] According to its website, Quartz's team reports in 115 countries and speaks 19 languages.[6] The publication was initially led by Kevin Delaney, a former managing director of WSJ.com, Zach Seward, a former WSJ social media editor, and Gideon Lichfield, a global news editor from The Economist, among other editors.

Quartzs main office is located in New York. It also has correspondents and staff reporters based in Hong Kong, India, London, Los Angeles, Thailand, Washington DC, and elsewhere.

In 2014, Quartz expanded into India, launching Quartz India. In 2015, it launched the Africa-focused Quartz Africa.[7]

In 2015, it launched Atlas, a chart-building platform.[8]

In 2015, it had meanwhile specific publications for Hong Kong, Japan, and the United Arab Emirates, adding to Africa and India.[9]

According to Ad Age, Quartz made around $30 million in revenue in 2016, and employed 175 people.[10]

In 2017, revenue decreased to $27.6 million as advertising shrank.[11] In August 2017, Quartzs website saw about 22 million unique visitors. Approximately 700,000 people subscribe to its roster of email newsletters, which includes its flagship Daily Brief.[12]

In July 2018, Japanese company Uzabase (Japanese: ユーザベース) acquired Quartz from Atlantic Media for $86 million.[13] [14] [15]

In October 2019 co-founder/co-CEO/editor in chief Kevin Delaney stepped down from his position. Zach Seward, the company's second employee, became the company's new chief executive officer.[16] [17]

That same month Apple removed the Quartz app from its Chinese App Store, as part of the Great Firewall, for reporting on the 2019–20 Hong Kong protests.[18] [19] [20]

Revenue fell from $11.6 million in the first half of 2019 to $5 million in the first half of 2020. In November 2020, Uzabase sold Quartz to the publication's staff.[21] [22]

In April 2022, the site was sold to G/O Media.[23] [24]

Content

Quartz is structured around a collection of phenomena or what it calls "obsessions"[25] [26] instead of "beats", preferring news stories or reports to be either short or long rather than middle of the road or average.

Quartz often uses charts, created through its Chartbuilder tool, which forms the basis of its Atlas platform. Chartbuilder has been used by other media organizations, including CNBC, FiveThirtyEight, NBC News, New Hampshire Public Radio, NPR, The New Yorker, The Press-Enterprise, CEOWORLD magazine, and The Wall Street Journal.[27] [28]

See also

References

Notes and References

  1. News: . G/O Media Buys Business Site Quartz . because of its high-quality global business journalism. . Benjamin Mullin . Katie Robertson . April 28, 2022 . January 20, 2023 . January 20, 2023 . https://web.archive.org/web/20230120091502/https://www.nytimes.com/2022/04/28/business/media/quartz-sale.html . live .
  2. News: Sonderman . Jeff . September 17, 2012 . 5 things journalists should know about Quartz, Atlantic Media's business news startup . Poynter . live . August 11, 2017 . https://web.archive.org/web/20170811221851/http://www.poynter.org/2012/5-things-journalists-should-know-about-quartz-atlantic-medias-business-news-startup/188712/ . August 11, 2017.
  3. News: The New York Times. Quartz, the Business News Site, Drops Its Paywall. Katie Robertson. April 14, 2022. January 20, 2023. January 20, 2023. https://web.archive.org/web/20230120194644/https://www.nytimes.com/2022/04/14/business/media/quartz-paywall.html. live.
  4. News: The Atlantic Launches Mobile-First Business Publication. May 28, 2018. Mashable. September 24, 2012. May 29, 2018. https://web.archive.org/web/20180529130330/https://mashable.com/2012/09/24/quartz-the-atlantic/?europe=true&#tBhK1uuCOPqb. live.
  5. News: Atlantic Media business website, Quartz, staffs up and strategizes. May 28, 2018. Politico. May 28, 2012. May 29, 2018. https://web.archive.org/web/20180529130334/https://www.politico.com/media/story/2012/05/atlantic-media-business-website-quartz-staffs-up-and-strategizes-000524. live.
  6. Web site: Welcome to Quartz . Quartz . November 4, 2015 . en-US . November 2, 2015 . https://web.archive.org/web/20151102191448/http://qz.com/about/welcome-to-quartz/ . live .
  7. Web site: Africa rising: Why and how Quartz, GE (Media) want in . fipp.com . March 13, 2015 . November 4, 2015 . July 18, 2015 . https://web.archive.org/web/20150718054902/http://www.fipp.com/news/features/africa-rising-why-and-how-quartz-ge-want-in . live .
  8. Web site: Quartz's Atlas becomes open platform for building charts, data visualizations. ijnet.org. en. October 25, 2017. October 26, 2017. https://web.archive.org/web/20171026110940/https://ijnet.org/en/blog/quartzs-atlas-becomes-open-platform-building-charts-data-visualizations. live.
  9. News: Jackson . Jasper . November 3, 2015 . Quartz Africa site to launch in June . en-GB . The Guardian . live . October 25, 2017 . https://web.archive.org/web/20171026111643/https://www.theguardian.com/media/2015/mar/11/quartz-africa-launch-june-kenya-nigeria-south-africa . October 26, 2017 . 0261-3077.
  10. News: Quartz said to near $30 million in revenue, without clickbait or standard ad units . en-US . . Jeremy . Barr . live . May 28, 2018 . https://web.archive.org/web/20180529203240/http://adage.com/article/media/quartz-driven-8x-increase-revenue-launch/304925/ . May 29, 2018.
  11. News: July 2, 2018 . Quartz, Atlantic Media's Business News Start-Up, Is Sold to Japanese Firm . . Paul . Mozur . live . 2018-07-02 . https://web.archive.org/web/20190904174102/https://www.nytimes.com/2018/07/02/business/dealbook/quartz-atlantic-media-uzabase.html . September 4, 2019.
  12. Web site: January 31, 2018 . Why Quartz has gone niche with newsletter topics . live . https://web.archive.org/web/20180529130341/https://digiday.com/media/quartz-gone-niche-newsletter-topics/ . May 29, 2018 . May 28, 2018 . Digiday . en-US.
  13. News: Japan's Uzabase to acquire online news platform Quartz. The Associated Press. July 3, 2018. July 17, 2018. July 17, 2018. https://web.archive.org/web/20180717154011/https://apnews.com/30a073c215be4382991e57ffdf23b1b6. live.
  14. Web site: Schmidt . Christine . May 13, 2019 . Quartz, built on free distribution, has put its articles behind a paywall . 2020-09-22 . Nieman Lab . October 1, 2020 . https://web.archive.org/web/20201001231223/https://www.niemanlab.org/2019/05/quartz-built-on-free-distribution-has-put-its-articles-behind-a-paywall/ . live .
  15. Web site: Perlberg. Steven. 2020-06-15. Caught in the mushy middle: How Quartz fell to earth. 2020-09-22. Digiday. en-US. September 18, 2020. https://web.archive.org/web/20200918143114/https://digiday.com/media/caught-in-the-mushy-middle-how-quartz-fell-to-earth/. live.
  16. News: . 7 October 2019. Quartz Searches for New Editor in Chief After Co-Founder Departs. Jerde. Sara . en-US. 2019-10-08. October 7, 2019. https://web.archive.org/web/20191007165228/https://www.adweek.com/digital/quartz-co-founder-kevin-delaney-departs-new-editor-in-chief/. live.
  17. News: The New York Times. Quartz Editor in Chief Steps Down in Shake-Up. Marc . Tracy. Edmund . Lee. October 7, 2019. January 20, 2023. January 20, 2023. https://web.archive.org/web/20230120214337/https://www.nytimes.com/2019/10/07/business/media/quartz-delaney-out.html. live.
  18. Web site: Apple removes 'Quartz' news app from Chinese App Store . Miller . Chance . October 9, 2019 . 9to5Mac . en-US . 2019-10-10 . October 10, 2019 . https://web.archive.org/web/20191010065316/https://9to5mac.com/2019/10/09/apple-china-quartz-app-store/ . live .
  19. Web site: Apple removes Quartz news app from the Chinese App Store over Hong Kong coverage. Statt. Nick. 2019-10-09. The Verge. en. 2019-10-10. October 10, 2019. https://web.archive.org/web/20191010015646/https://www.theverge.com/2019/10/9/20907228/apple-quartz-app-store-china-removal-hong-kong-protests-censorship. live.
  20. Web site: Leskin . Paige . Here are all the major US tech companies blocked behind China's 'Great Firewall' . Business Insider . October 10, 2019 . May 17, 2020 . May 2, 2020 . https://web.archive.org/web/20200502023357/https://www.businessinsider.com/major-us-tech-companies-blocked-from-operating-in-china-2019-5 . live .
  21. News: Japan's Uzabase sells Quartz news site to co-founder, editor-in-chief . March 1, 2021 . . November 9, 2020 . en . November 19, 2020 . https://web.archive.org/web/20201119095211/https://www.reuters.com/article/uzabase-divestiture/japans-uzabase-sells-quartz-news-site-to-co-founder-editor-in-chief-idUSKBN27P0C3 . live .
  22. News: Pompeo . Joe . "Journalism Needs Help to Survive This": Despite a Crushing Spring, the Media's Pandemic Reckoning Is Far From Over . March 1, 2021 . . 8 October 2020 . en-us . January 18, 2021 . https://web.archive.org/web/20210118224658/https://www.vanityfair.com/news/2020/10/the-medias-pandemic-reckoning-is-far-from-over . live .
  23. News: Abdel-Baqui . Omar . Bruell . Alexandra . April 28, 2022 . Gizmodo Owner G/O Media Buys Business News Site Quartz . The Wall Street Journal . May 2, 2022 . May 2, 2022 . https://web.archive.org/web/20220502065816/https://www.wsj.com/articles/business-news-site-quartz-bought-by-g-o-media-11651158557 . live .
  24. News: Owen . Laura Hazard . April 29, 2022 . "An audible gasp": Quartz, once a high-flying startup, has sold to G/O Media . . May 12, 2022 . May 11, 2022 . https://web.archive.org/web/20220511151406/https://www.niemanlab.org/2022/04/an-audible-gasp-quartz-once-a-high-flying-startup-has-sold-to-g-o-media/ . live .
  25. News: The newsonomics of Quartz, 19 months in . Nieman Lab . May 2015 . October 25, 2017 . December 1, 2017 . https://web.archive.org/web/20171201170538/http://www.niemanlab.org/2014/05/the-newsonomics-of-quartz-19-months-in/ . live .
  26. News: The New York Times. Covering the World of Business, Digital Only. David Carr. September 23, 2012. January 22, 2023. January 22, 2023. https://web.archive.org/web/20230122065311/https://www.nytimes.com/2012/09/24/business/media/with-digital-only-quartz-atlantic-to-cover-business-world.html. live.
  27. Web site: The most important things we learned in our first two years of chartbuildering. quartzthings.tumblr.com. November 4, 2015. October 29, 2015. https://web.archive.org/web/20151029140216/http://quartzthings.tumblr.com/post/122253112014/the-most-important-things-we-learned-in-our-first. live.
  28. News: Quartz maps a future for its interactive charts with Atla . Nieman Lab . June 2015 . May 28, 2018 . July 3, 2018 . https://web.archive.org/web/20180703220616/http://www.niemanlab.org/2015/06/quartz-maps-a-future-for-its-interactive-charts-with-atlas/ . live .

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