During a wide-ranging interview with The Wall Street Journal, Hearst Corporation CEO Steve Swartz dropped this interesting tidbit — the publishing giant is on the hunt for business media companies.
Swartz was asked to comment on Hearst’s increased stake in Fitch, one of the three nationally-recognized statistical ratings organizations, and he replied that there was more work to be done:
Whether we are talking about financial-services information, our health-care businesses, or our automotive-information businesses, they all produce data and analytics and services that are used in the day-to-day business of the customers, and that’s an area that we very much believe in. We will expand in financial services, we’ll expand in health care, we’ll expand in automotive related businesses and frankly, we are looking for a fourth and or fifth area of business information to be involved with.
Feel free to wildly speculate which business media company Hearst will buy or invest in next.
(Image: Paul Morigi)