City Of London
Future Plc Bets on Digital Media Whiz For CEO: The London Rush
Jon Steinberg, founder and chief executive officer of Cheddar Inc, during a Milken Institute Global Conference in 2017
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Jon Steinberg, Future Plc’s new CEO, has large shoes to fill — Zillah Byng-Thorne transformed the publisher of slightly obscure magazines and websites into what was once one of the best performing stocks on the FTSE All-Share Index. Yet, that mid-pandemic glow has faded, with shares trading back around pre-pandemic levels. Steinberg’s experience at Buzzfeed, the DailyMail.com and Cheddar News, puts him as one of the people in the know when it comes to digital media.
Here’s the key business news from London this morning: