He Made Billions on Google and PayPal. Now, He's Betting on News.
Mr. Moritz said in an interview over the weekend that The San Francisco Standard, a local news organization he co-founded, is buying Charter, a digital publication focused on the future of work, to broaden its focus. Kevin Delaney, a founder of Charter, will be the editor in chief of both publications.
Mr. Moritz, 70, who has been a resident of San Francisco for four decades, said that he decided to start The Standard because he 'couldn't find out what was happening in San Francisco' anymore because of 'the erosion of all the local news outlets.'
'I think news and information in any city is as vital as water, electricity and gas,' said Mr. Moritz, a former San Francisco bureau chief for Time magazine covering Silicon Valley.
The terms of the deal were not disclosed.
The San Francisco Standard may seem an unlikely suitor for Charter, which has a global focus. But Mr. Delaney said in an interview that the two companies would look to collaborate on big stories such as the explosion of artificial intelligence, its impact on jobs in the technology industry and changes in the way cutting-edge companies are managed — stories that are all rooted in San Francisco.
'California is the fourth-largest economy in the world on its own,' Mr. Delaney said. 'Having a deep, ambitious journalistic agenda there and a strong newsroom is really interesting and meaningful.'
Want all of The Times? Subscribe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
14 minutes ago
- Wall Street Journal
The Case for Cutting Off Weapons to Ukraine
The Trump administration inherited a bad situation. The U.S. industrial base is degraded, and the Biden administration depleted our stockpiles by sending billions worth of weapons to Ukraine. The Pentagon now doesn't have enough munitions to supply our partners around the world while also preserving its ability to fight and win wars. That is why President Trump made the difficult but necessary decision to prioritize the safety and readiness of U.S. troops by pausing shipments of hard-to-replace munitions to Ukraine, where there are limited U.S. interests at stake ('Trump Stiffs Ukraine on Arms,' Review & Outlook, July 3). At current and projected levels of production, it will take years for the defense industry to replace what has been sent to Ukraine, including more than 3,000 Stinger missiles and millions of artillery rounds. After shutting down production for 20 years, the U.S. makes up to 60 Stingers a month. At that rate, replacing the equipment sent to Kyiv will take more than four years. Meanwhile, demand for Stingers is increasing, as they are integrated into more U.S. weapon systems and coveted by partners like Taiwan.
CNET
15 minutes ago
- CNET
Breathe Easier This Prime Day With 50% Off Mooka's Kid-Friendly Air Purifier
Between outdoor allergens, pet dander, wildfire smoke and the sheer volume of dust in even newly-constructed homes, air purifiers have gone from medical afterthoughts to near-essential appliances in the modern home. As someone who rents an apartment, my apartment felt like an entirely new home once I got air purifiers installed, and my daily sneezing fits receded into sparse sniffles. If you suffer from allergies or are just tired of weird smells drifting into your apartment from other units, this Prime Day is the time to try out an air purifier, and contrary to belief, you don't need a massive unit to see a marked improvement. Air purifiers are among the dozens of appliance deals we're seeing to kick off Prime Week, and this speaker-sized Mooka Air Purifier can also cover over 1,000 square feet despite being half its size. With today's on-page coupon, it's 50% off at $39, and it's easy as pie to set and forget until it beeps for a new filter. This isn't a smart air purifier, but as someone who has owned two smart purifiers, I can assure you, you won't be missing much. While adjusting the speed on a smart fan is handy, air purifiers are usually left at the same speed or set to switch between normal and sleep modes at bedtime. Mooka's air purifier lets you set multi-hour timers and features a child lock so that you can leave it running without worrying about tiny hands causing mayhem. Hey, did you know? CNET Deals texts are free, easy and save you money. It also features a gentle, top-facing night light to illuminate your child's room at night. The filter that comes in the box is the H13 HEPA filter that can eliminate particles as small as 0.3 microns, which is great for removing pollen, smoke, dander, dust and common air pollutants and helping eliminate odors. Mooka's replacement filters also have a 20% off coupon code right now, if you want to stock up. Best Prime Day Kitchen Appliance Deals Score some of the best discounts of the year on top kitchen tech during Prime Day, and our shopping experts have rounded up the only deals worth taking seriously this year. See Now Why this deal matters Summer is wildfire season as well as the season for tree and grass allergies. Picking up an air purifier can improve both air quality and air circulation in your home, which can improve your health and your mood. Anything that can help you breathe easier is usually a good thing and at less than $40, Mooka's air purifier will pay for itself very quickly.
Bloomberg
16 minutes ago
- Bloomberg
Lutnick Says Trump's Tariffs Will Take Effect on Aug. 1
President Donald Trump's country-by-country tariffs will take effect Aug. 1, Commerce Secretary Howard Lutnick said, signaling some breathing room for US trading partners ahead of a July 9 deadline previously set by the president. 'I think we'll have most countries done by July 9, either a letter or a deal,' Trump told reporters Sunday before boarding Air Force One to head back to Washington from a weekend in New Jersey. He suggested that letters with looming tariff increases will start going out Monday and 'some will be going out on Tuesday.'
