NEW YORK - Ziff Davis, Inc. (NASDAQ: ZD), a leading digital media and internet company, announced the appointment of Kate Gutman as the Executive Vice President, General Manager of its technology media division. This sector includes prominent brands such as PCMag, Mashable, Lifehacker, and Spiceworks. Gutman will be directly reporting to Steve Horowitz, the president of Ziff Davis' Technology and Shopping Division.
Gutman joins Ziff Davis with a robust background in digital media and audience development. At her previous position as Senior Vice President of Content Ventures at Gannett, she managed a portfolio aimed at attracting new audiences and growing revenue streams through various channels, including affiliate commerce and subscription products.
Her experience extends to A+E Television Networks International, where she spearheaded digital business initiatives, including the launch of the company's first international subscription video on demand (SVOD) service and the relaunch of the History En Espanol TV channel in the U.S.
With a career that includes senior roles in digital and business strategy at organizations such as Reader's Digest/Trusted Brands, Rodale, Bertelsmann, and Lagardère Group, Gutman brings a wealth of expertise to her new role at Ziff Davis. She holds an M.B.A. in management and a B.A. in economics from Columbia University.
Steve Horowitz expressed enthusiasm for Gutman's appointment, citing her track record in leading editorial teams and driving revenue growth as key factors for her selection. He anticipates that her leadership will foster innovation and expand the influence of Ziff Davis' technology-focused brands.
Ziff Davis is recognized for its portfolio that spans various verticals, including technology, shopping, gaming, entertainment, and more. The company's strategic appointments and management decisions are closely watched by investors and industry analysts for indications of its future direction and potential impact on the digital media landscape.
This announcement is based on a press release statement from Ziff Davis, Inc.
InvestingPro Insights
In the context of Ziff Davis, Inc.'s strategic appointment of Kate Gutman, investors and industry analysts may find the following InvestingPro Insights particularly relevant:
InvestingPro Data shows Ziff Davis with a market capitalization of 2.34 billion USD, reflecting the company's significant presence in the digital media space. Despite a challenging market, the company boasts a Gross Profit Margin of 85.54% for the last twelve months as of Q1 2023, underscoring its ability to maintain profitability in its operations. However, the stock has experienced a downturn recently, with a 1 Month Price Total Return of -19.12% and trading near its 52-week low, indicating potential concerns among investors or broader market trends impacting the stock.
From the InvestingPro Tips, two aspects stand out. Firstly, the company's net income is expected to grow this year, which could be a positive sign for investors looking for growth potential. Secondly, the stock's Relative Strength Index (RSI) suggests it is in oversold territory, which might appeal to value investors seeking opportunities where a stock may be undervalued.
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