August 29, 2016 4:04 PM ET


Company Overview of Hearst Business Media Corporation

Company Overview

Hearst Business Media Corporation provides publishing services. It offers information about car and truck pricing; electronic components and suppliers; drugs; medical guidelines for hospitals and other medical organizations; and magazines and newspapers. The company was founded in 1999 and is based in Uniondale, New York. Hearst Business Media Corporation operates as a subsidiary of The Hearst Corporation.

50 Charles Lindbergh Boulevard

Suite 100

Uniondale, NY 11553

United States

Founded in 1999





Key Executives for Hearst Business Media Corporation

President of Digital Media
President of Marketing and Publishing Director
Editor-In-Chief of Diversion Magazine
Executive Vice President and Deputy Group Head
Age: 48
Compensation as of Fiscal Year 2016.

Hearst Business Media Corporation Key Developments

Hearst Business Media and Fitch Group Form New Financial Venture Fund; Appoint Shea Wallon as Senior Vice President and Managing Director of the Fund

Hearst Business Media Corporation and Fitch Group announced the formation of the Financial Venture Fund, focusing on investing in early-stage financial information, service and technology companies. The Financial Venture Fund will look to make investments in innovative and emerging technology companies in the financial services industry to accelerate their commercial growth through the capital provided and generate attractive financial returns for Hearst. The new fund will be led by former Managing Director for Bank of America Merrill Lynch Shea Wallon, who has been named a Senior Vice President and Managing Director of the Fund effective immediately. Wallon will report to both Malloch and Taylor.

Hearst Communications Inc. Names Tom Cross as Executive Vice President, and Deputy Group Head of Transportation for Hearst Business Media

Hearst Communications Inc. has named Tom Cross as executive vice president, and deputy group head of transportation for Hearst business media. He retains the title of president of Black Book. The promotion is effective immediately and was made by Steven R. Swartz, president and CEO of Hearst, and Hearst Business Media President Richard P. Malloch. Cross will continue to report to Malloch. Cross will oversee the transportation portfolio, which includes MOTOR Information Systems, Black Book and Canadian Black Book. Cross has held a variety of leadership positions across Hearst's transportation businesses for nearly two decades. He joined Black Book in 2003 as senior vice president and general manager and was named its president in 2007. Prior, he held executive positions at MOTOR Information Systems, which he joined in 2000, after a long career at Ford Motor Company. At Ford, he held numerous management positions in sales, customer service, and marketing.

Hearst Business Eyes Acquisitions

Hearst Business Media Corporation is looking for acquisitions. President Richard P. Malloch said, "Our transportation companies are leaders in the field and we are committed to building on this success and expanding the group through organic growth, new product development and acquisitions. I am confident that with Tom at the helm we will extend our reach and influence, continue to develop breakthrough capabilities and add even more value to our customers."

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