Hearst is outpacing its two main rivals, Time Inc. and Advance Publications, owner of Conde Nast, "with a more diversified portfolio and expansive media footprint," writes Matthew Flamm. He details
the moves that have helped the privately held company project "record earnings, as well as record revenue of nearly $10 billion, up from just over $9 billion in 2012, according to a spokesman."
The road to prosperity is paved with investments in cable TV (co-owning A&E, now with hit "Duck Dynasty, and a 20% investment in "sports-television giant" ESPN), as well as business media, less so
with print media profits.
Read the whole story at Crain's New York Business »
