Atlantic Media

Last updated
Atlantic Media, Inc.
Atlantic Media logo.png
FoundedMay 6, 1997;23 years ago (1997-05-06) [1]
Country of originUnited States
Headquarters location The Watergate,
Washington, D.C., U.S.
Key people David G. Bradley, Chairman
Michael Finnegan, President
Kevin Turpin, President, National Journal
Tim Hartman, President, Government Executive
Margaret Low, President, AtlanticLIVE
Publication types Magazines
The Atlantic
National Journal
Government Executive
Atlantic Media Strategies
No. of employees700+
Official website www.atlanticmedia.com

Atlantic Media is an American print and online media company owned by David G. Bradley and based in the Watergate in Washington, D.C. It publishes The Atlantic, a print and online publication that also holds themed events; and offers business intelligence and consulting services through its National Journal Group subsidiary.

Contents

Founded in 1997 when Bradley purchased the National Journal Group, the company expanded for three decades by launching several new publications and acquiring others. It began to slim down in 2017 when Bradley sold a majority stake in The Atlantic to Emerson Collective, and continued by selling Quartz in 2018, CityLab in 2019, and the Government Executive Media Group in 2020.

History

Bradley began his foray into publishing in 1997 by purchasing the National Journal Group, which published National Journal , The Hotline , National Journal Daily (previously known as Congress Daily), and Technology Daily . [2] The group also published books and directories, the most known of which is the biennial Almanac of American Politics . [3]

Four years later, he acquired The Atlantic . [4] After first vowing to leave the magazine in Boston, he moved the headquarters to Washington, D.C., in 2005.

He also acquired Government Executive , which later created Nextgov, aimed at government leaders in IT; Defense One, aimed at national security leaders; and Route Fifty, aimed at leaders in state and local governments. [2]

In 2012, the company launched Quartz, one of the first websites designed from the start to serve mobile readers.

On July 28, 2017, The Atlantic announced that Bradley had sold majority ownership of the publication to multi-billionaire investor and philanthropist Laurene Powell Jobs (the widow of former Apple Inc. chairman and CEO Steve Jobs) through her Emerson Collective organization. [5] [6] The Washington Post reported that Emerson Collective planned to move to full ownership in "three to five years". [7]

In 2018, Bradley sold Quartz to Uzabase, a Japanese financial publisher, in a deal that valued the publication up to $110M. [8]

In December 2019, Bradley sold Citylab for an undisclosed sum to Bloomberg L.P. [9]

In March 2020, Bradley sold Government Executive Media Group, including its publications Government Executive, Nextgov, Defense One, and Route Fifty, for an undisclosed sum to Growth Catalyst Partners, a private equity firm based in Chicago. [10]

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References

  1. "AtlanticMedia.com WHOIS, DNS, & Domain Info – DomainTools". WHOIS . Retrieved 2016-10-18.
  2. 1 2 "Atlantic Media". Atlantic Media. Retrieved 2012-12-23.
  3. "About Us". National Journal. Retrieved 23 December 2012.
  4. Jaffe, Harry (October 1, 2000). "Citizen Bradley | People & Politics". Washingtonian. Retrieved 2012-12-23.
  5. White, Gillian B. (July 28, 2017). "Emerson Collective Acquires Majority Stake in The Atlantic". The Atlantic . Retrieved July 28, 2017.
  6. Halper, Daniel (July 28, 2017). "Key Dem Donor Takes Over 'Country's Most Important' Journalistic Institution". The Washington Free Beacon . Retrieved July 29, 2017.
  7. Wemple, Erik (July 28, 2017). "Laurene Powell Jobs's Emerson Collective to purchase majority stake in the Atlantic". The Washington Post. ISSN   0190-8286 . Retrieved August 24, 2017.
  8. https://variety.com/2018/digital/news/quartz-sold-atlantic-media-uzabase-1202863067/
  9. "Bloomberg Media to Acquire CityLab From The Atlantic". The Atlantic. 2019-12-10. Retrieved 2020-09-08.
  10. "Atlantic Media Sells Off Government Executive Media Group" . Retrieved 2020-09-08.