Hearst CEO Touts Record Year Amid Media ‘Clutter’

WWD: Hearst CEO Steve Swartz circulated a memo to staff addressing wins and losses of 2015. He led with the good news, which included touting Hearst’s fifth consecutive year of “record levels” of revenue growth and profit. The CEO said revenue grew 6 percent to $10.7 billion in 2015. Despite all the crowing about a record-breaking year, Swartz did admit that “cutting through the clutter” in consumer media is the company’s “preeminent challenge.”