Stories by Felix Salmon

With Fortune snapped up by Thai buyer, the business press moves east

Photo: Mario Tama/Getty Images

Thai businessman Chatchaval Jiaravanon has acquired Fortune magazine for $150 million, in just the latest example of a U.S. business publication ending up in the hands of an East Asian buyer.

Be smart: The day might not be that far off when there are no major American-owned business publications at all. Even Business Insider is German.

The year of the woman has yet to arrive at Goldman Sachs

Data: Goldman Sachs, Center for American Women and Politics, original research; Chart: Harry Stevens/Axios

The House of Representatives and the group of Goldman Sachs partners are more similar than you might think. Both are very difficult to get into; both are roughly the same size, in terms of number of individuals; and both are refreshed in the fall of even-numbered years.

By the numbers: This year, Goldman celebrated its 69 new partners with a press release extolling the fact that the percentage of women was the highest in Goldman's history. But the overall percentage of women among Goldman's partners barely budged, at 17%. (In the House, the percentage of women rose much more significantly, to 23%, which is still disappointingly low.)

Disney's plans for Hulu

Photo: Lazaro Gamio/Axios

Disney CEO Bob Iger has two top priorities. As he said on Disney's quarterly earnings call this week, the first is the integration of 21st Century Fox, which he recently acquired for $52 billion, in a deal he's hopeful will close "meaningfully earlier" than June. The second is developing online services that reach consumers directly, especially now that he'll have a majority stake in Hulu once the 21CF deal closes.

Iger made all the necessary noises about protecting minority shareholders in Hulu: NBCUniversal still owns 30%, while WarnerMedia owns 10%. But control of Hulu was one of the strategic drivers behind the 21CF acquisition, and Iger was clear that as soon as the deal closes, he's going to push Hulu toward "both global growth and investing more in content."

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