Atlantic Media
{{Short description|American print and online media company}}
{{Update|updated=September 2020|reason=only housekeeping edits since 2020; not clear what Atlantic Media (AM) really owns as of 2025; the "official website" redirects to The Atlantic, which AM only holds a minority stake in; Bradley sold the Watergate 600 building{{snd}}supposed head office of Atlantic Media{{snd}}in 2017; National Journal article no longer says AM is the owner; still showing Key People of former holdings; etc. |date=January 2025}}
{{Infobox publisher
| name = Atlantic Media, Inc.
| image = 230px
| country = United States
| headquarters = Watergate complex,
Washington, D.C., U.S.
| founded = {{start date and age|1997|5|6}}{{cite web|url=http://whois.domaintools.com/atlanticmedia.com|title=AtlanticMedia.com WHOIS, DNS, & Domain Info – DomainTools|work=WHOIS|access-date=2016-10-18}}
| keypeople = {{ubl|David G. Bradley (Chairman)|Michael Finnegan (President)|Kevin Turpin (President – National Journal)|{{strikethrough|Tim Hartman (President – Government Executive)}}|{{strikethrough|Margaret Low (President – AtlanticLIVE)}}}}
| publications = The Atlantic (minority ownership)
National Journal
| numemployees = 700+
| url = {{Official URL}}
}}
Atlantic Media, Inc. is an American print and online media company owned by David G. Bradley and based in the Watergate complex in Washington, D.C. It held numerous publications and businesses. Since 2020, it holds a minority stake in 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.
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 subsidiary with its four publications and websites in 2020.
History
=20th century=
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.{{cite web|title=Atlantic Media|url=http://www.atlanticmedia.com/|access-date=2012-12-23|publisher=Atlantic Media|archive-date=2013-01-06|archive-url=https://web.archive.org/web/20130106174001/http://www.atlanticmedia.com/|url-status=live}} The group also published books and directories, including the biennial Almanac of American Politics.{{cite web|title=About Us|url=http://nationaljournal.com/about-us|access-date=23 December 2012|work=National Journal|archive-date=21 December 2012|archive-url=https://web.archive.org/web/20121221181550/http://nationaljournal.com/about-us|url-status=live}}
=21st century=
In 2000, he acquired The Atlantic.{{cite web |last=Jaffe |first=Harry |url=http://www.washingtonian.com/articles/people/6914.html |title=Citizen Bradley | People & Politics |publisher=Washingtonian |date=October 1, 2000 |access-date=2012-12-23 |archive-date=2012-03-19 |archive-url=https://web.archive.org/web/20120319232133/http://www.washingtonian.com/articles/people/6914.html |url-status=live }} 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.
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 Laurene Powell Jobs, the widow of former Apple Inc. chairman and CEO Steve Jobs, through her Emerson Collective organization.{{cite news|last1=White|first1=Gillian B.|title=Emerson Collective Acquires Majority Stake in The Atlantic|url=https://www.theatlantic.com/business/archive/2017/07/emerson-collective-atlantic-coalition/535215/|access-date=July 28, 2017|work=The Atlantic|date=July 28, 2017|archive-date=December 8, 2020|archive-url=https://web.archive.org/web/20201208140321/https://www.theatlantic.com/business/archive/2017/07/emerson-collective-atlantic-coalition/535215/|url-status=live}} The Washington Post reported that Emerson Collective planned to move to full ownership in "three to five years".{{Cite news|url=https://www.washingtonpost.com/blogs/erik-wemple/wp/2017/07/28/laurene-powell-jobss-emerson-collective-to-purchase-majority-stake-in-the-atlantic/|title=Laurene Powell Jobs's Emerson Collective to purchase majority stake in the Atlantic|last=Wemple|first=Erik|date=July 28, 2017|work=The Washington Post|access-date=August 24, 2017|language=en-US|issn=0190-8286|archive-date=February 10, 2018|archive-url=https://web.archive.org/web/20180210095317/https://www.washingtonpost.com/blogs/erik-wemple/wp/2017/07/28/laurene-powell-jobss-emerson-collective-to-purchase-majority-stake-in-the-atlantic/|url-status=live}}
In 2018, Bradley sold Quartz to Uzabase, a Japanese financial publisher, in a deal that valued the publication up to $110M. {{Cite web|url=https://variety.com/2018/digital/news/quartz-sold-atlantic-media-uzabase-1202863067/|title=Atlantic Media Sells Quartz for up to $110 Million to Japan's Uzabase|date=2 July 2018|access-date=14 September 2020|archive-date=10 October 2020|archive-url=https://web.archive.org/web/20201010190753/https://variety.com/2018/digital/news/quartz-sold-atlantic-media-uzabase-1202863067/|url-status=live}}
In December 2019, Bradley sold Citylab for an undisclosed sum to Bloomberg L.P.{{Cite web|date=2019-12-10|title=Bloomberg Media to Acquire CityLab From The Atlantic|url=https://www.theatlantic.com/press-releases/archive/2019/12/bloomberg-media-acquire-citylab-atlantic/603388/|access-date=2020-09-08|website=The Atlantic|language=en-US|archive-date=2020-09-08|archive-url=https://web.archive.org/web/20200908135028/https://www.theatlantic.com/press-releases/archive/2019/12/bloomberg-media-acquire-citylab-atlantic/603388/|url-status=live}}
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.{{Cite web|title=Atlantic Media Sells Off Government Executive Media Group|url=https://www.adweek.com/digital/atlantic-media-sells-off-government-executive-media-group/|access-date=2020-09-08|language=en-US|archive-date=2020-09-08|archive-url=https://web.archive.org/web/20200908135249/https://www.adweek.com/digital/atlantic-media-sells-off-government-executive-media-group/|url-status=live}}
See also
References
External links
- {{Official website}}
{{Atlantic Media}}
Category:Mass media companies based in Washington, D.C.
{{US-media-company-stub}}