Hearst eyes $12B in revenue as B2B business grows


Hearst expects revenues to grow close to $12 billion this year, up slightly from the record $11.9 billion it earned last year, according to new figures from CEO Steve Swartz provided to Axios in an interview.

Why it matters: A larger portion of the company's profits now comes from its specialty media, data and software businesses than from its traditional consumer media businesses, which include magazines, newspapers, and local and national TV.

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