Quartz
Quartz is a business news site sold four times since 2018, now largely AI-written
Sale to Redbrick with near-total layoff of remaining editorial staff
Quartz has passed through four owners since 2018, lost most of its traffic, and now runs on a two-person newsroom producing AI-assisted content.
Quartz writes short summaries of business news and earnings reports. But artificial intelligence can now do this work instantly and nearly free, which Quartz proved when it replaced its own writers with AI in late 2024. The company has been bought and sold four times in seven years at lower prices each time, lost 85% of its readers since 2020, and now has only two journalists left, so it is basically a brand name passed between owners rather than a real business fighting back. The one thing that could matter: if the new owner, Redbrick, actually hires reporters and builds something readers pay for instead of just running AI-written ads, Quartz could become real again, but all the signs say that is not the plan.
- 2026-05qz.com continues publishing with contributors including Ben Kesslen and Brian O'Connell
- 2025-04-04G/O Media sold Quartz to Redbrick, undisclosed price, 4th ownership change since 2018
- 2025-0410 of 12 remaining newsroom staff laid off, leaving 2 named editors
- 2025-01Reports found Quartz AI articles citing other AI generated slop, factual errors
- 2024-12ChatGPT-based SEC filing tool shut down after repeated factual errors
- 2024-12Quartz began publishing under 'Quartz Intelligence Newsroom' AI byline
- 2024Quartz India confirmed defunct
- 2022-07-20Quartz removed its paywall, returning to free ad and newsletter model
- 2022-04Management sold Quartz to G/O Media for under $10 million
- 2020-11Uzabase sold Quartz back to management in a staff-led buyout
This page is a post-mortem, not a live assessment, and it carries no band. The blind-test result is the only part made without knowledge of the outcome.