In a memo to staff and other members of the media, Hearst’s CEO Steven R. Swartz detailed just how successful the publishing company was in 2017.
While revenue itself was flat at $10.8 billion, the business as a whole was profitable for the seventh consecutive year due largely in part to investments made in companies related to business data.
Swartz wrote:
Our biggest majority-owned business, Fitch Group, led the way with an outstanding performance across the world, particularly in its core bond ratings business.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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