Aug
24
“Jamie Dimon, the CEO of JPMorgan Chase, considered by many to be the country’s most influential and successful bank executive, can add another title to his resume: Accidental media mogul. That’s right. The banker, thanks to the sagging economy, which has cratered several media giants leaving the lender in the driver’s seat, now holds sway over Readers Digest, Source Interlink Media and American Media Inc. — which have combined revenues of about $5.04 billion. That’s more than Time Inc., generally considered the nation’s No. 1 magazine publisher with its stable-leading Sports Illustrated and People titles helping it ring up $4.6 billion in revenue last year, and the combined revenue of Hearst, publisher of Esquire, and Condé Nast, the parent of Vogue.”
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