For the last several years, The Washington Post has sat out the deal fervor that has swept through much of the media industry. The Post’s new chief executive, Will Lewis, appears interested in changing that. In recent months, the company’s head of corporate development has met with a variety of technology and media companies, exploring deals that could help The Post expand its revenue and subscriptions, one of the people said. In scouting for deals, The Post is following in the footsteps of other media companies, including The New York Times and The Wall Street Journal, that have bought companies that complement their core news businesses, the three people said. The overall goal is to create a growing subscription-based business that is insulated from the vagaries of the news cycle, which can wax and wane throughout the year.

Source: Washington Post October 16, 2024 01:27 UTC