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. (November 2019)
|Key people||Jay Lauf, Zach Seward, Kate Weber|
|Revenue|| $26.9 million (2019)|
|Net income||-$18.4 million (2019)|
|Launched||September 24, 2012|
Quartz is a business-focused, privately-held English-language international news organization. It launched from New York City in 2012. It publishes in the United States and Japan, and publishes regional editions for the United Arab Emirates, Hong Kong, Africa, and India.
Audience and revenue
Quartz targets high-earning readers, calling itself a "digitally native news outlet for business people in the new global economy". Sixty percent of its readers access the site via mobile devices, and nearly half of its readers are outside the United States.
In August 2017, Quartz's website saw about 22 million unique visitors. Approximately 700,000 people subscribe to its roster of email newsletters, which includes its flagship Daily Brief.
According to Ad Age, Quartz made around $30 million in revenue in 2016, and employed 175 people.
In 2017, revenue decreased to $27.6 million as advertising shrank. Uzabase (Japanese: ユーザベース) purchased the organization for $86 million.
According to a press release, the name Quartz was chosen for reasons related to its branding and the unusual combination of two infrequently used letters, q and z, in the title.
On September 24, 2012, Quartz launched its website, 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. According to its website, Quartz's team reports in 115 countries and speaks 19 languages. 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.
Quartz's 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 Quartz Africa.
In 2015, it launched Atlas, a chart-building platform. The publication has since launched Quartz at Work, a vertical that focuses on careers and the workplace, and Quartzy, a culture and lifestyle vertical.
In July 2018, Japanese company Uzabase acquired Quartz from Atlantic Media.
In October 2019, co-CEO and editor in chief Kevin Delaney, stepped down from his position. Zach Seward, the company's second employee, will be the company's new chief executive officer. 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.
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 Quartz's staff.
In traditional newspaper "beats", news is divided into sections such as domestic, business and finance, and world economy. However, Quartz is structured around a collection of phenomena or "obsessions".
Quartz often uses charts, created through their Atlas tool. The tool is 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.
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- ^ ago, Sara Jerde|1 day. "Quartz Searches for New Editor in Chief After Co-Founder Departs". www.adweek.com. Retrieved 8 October 2019.
- ^ Miller, Chance (9 October 2019). "Apple removes 'Quartz' news app from Chinese App Store". 9to5Mac. Retrieved 10 October 2019.
- ^ Statt, Nick (9 October 2019). "Apple removes Quartz news app from the Chinese App Store over Hong Kong coverage". The Verge. Retrieved 10 October 2019.
- ^ Leskin, Paige (10 October 2019). "Here are all the major US tech companies blocked behind China's 'Great Firewall'". Business Insider. Retrieved 17 May 2020.
- ^ Staff, Reuters (9 November 2020). "Japan's Uzabase sells Quartz news site to co-founder, editor-in-chief". Reuters. Retrieved 1 March 2021.
- ^ Pompeo, Joe (2019). ""Journalism Needs Help to Survive This": Despite a Crushing Spring, the Media's Pandemic Reckoning Is Far From Over". Vanity Fair. Retrieved 1 March 2021.
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