Edmund Lee

Ms. Story had been entangled in a power struggle between the paper’s editor and its newly appointed publisher.

The company expects to end the year with about 8.5 million. In its quarterly results, it reported holding nearly $1 billion in cash.

The publishing giant will take control of Politico, Politico Europe and Politico’s tech news site, Protocol.

In a real David-versus-Goliath fight, the giant won.

The Booker Prize-winning author has reached a deal with the newsletter platform, where he plans to publish fiction and interact with readers.

Robert Allbritton, the owner of Politico, is weighing a lucrative payday against maintaining full control over a widely read Washington news site.

The company still loses money, but its revenue rose 20 percent in the third quarter. Investors who want to own a piece can do so around Dec. 6.

“It’s hard to be a person of color at this company,” a staff member said. In response to an uprising, Anna Wintour and the chief executive, Roger Lynch, offered apologies.

He embodied the impolite era of the media mogul, a time before streaming, when movie theaters and cable TV were all the rage.

Nearly three decades ago, a young reporter slept on the floor of Columbia’s Hamilton Hall for several nights to file an article for The Village Voice.