Jul 2, 2018

Atlantic Media sells Quartz to Japan's Uzabase

Quartz launch party, 2012. Photo: Craig Barritt/Getty Images for Quartz

The Atlantic magazine's parent company is selling Quartz, an online news outlet, to a Japanese business data and news company for between $75 million and $110 million, depending on its financial performance.

Why it matters: Despite reportedly turning a profit in 2016, it's notable that the outlet will focus on creating paid products to generate revenue from readers. “Digital publishing companies with multiple revenue streams are likelier to succeed over the long haul,” Quartz publisher Jay Lauf told the Wall Street Journal.

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Sanders requests recount of Iowa recanvass after results show shrunken margin

Photo: Joe Raedle/Getty Images.

Sen. Bernie Sanders said in a statement Tuesday night he will request a recount of the Iowa Democratic Party's recanvass results.

Where it stands: Both Buttigieg and Sanders requested partial recanvasses in Iowa last week after results were delayed and showed several errors following a software malfunction on caucus night.

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Energy deputy secretary nominee faces heat after contradicting Trump

Mark Menezes speaks at a forum in Addis Ababa, Ethiopia, June 12. Photo: Minasse Wondimu Hailu/Anadolu Agency/Getty Images

Trump administration officials are internally raising concerns about President Trump’s nominee for Energy deputy secretary, who appeared to openly contradict the president on nuclear waste storage at Nevada’s Yucca Mountain last week.

Driving the news: While speaking at a House Energy and Commerce subcommittee hearing last Wednesday, Mark Menezes told members of the panel that the Trump administration is still interested in storing nuclear waste at Yucca Mountain and that “what we're trying to do is to put together a process that will give us a path to permanent storage at Yucca."