Market Overview

Washington Post to Invest in FaithStreet.com

The Washington Post Company (NYSE: WPO) today announced it will make an
investment in FaithStreet.com, a digital outreach and giving platform
for places of worship. The transaction will include a financial
investment, as well as the content of its popular website OnFaith.com.
Sally Quinn, editor-in-chief, will remain founding editor of OnFaith and
will work closely with FaithStreet.

“We are delighted to join efforts with FaithStreet,” said Ann McDaniel,
senior vice president of The Washington Post Company. “We expect that
users will appreciate the combination of FaithStreet's many services and
OnFaith's first-rate coverage of the intersection of news and religion.”

See full press release

Posted-In: News Management M&A Global

 

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