2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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110
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100
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150
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125
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Detailed explanation-1: -Today, Fortune is one of the world’s leading business media brands and comprises a multinational monthly magazine, daily website, and conference series. It is owned by Fortune Media Group Holdings Limited, which is wholly owned by Chatchaval Jiaravanon, and published by the Meredith Corporation.
Detailed explanation-2: -In June 2014, after Time Inc. spun off from its corporate parent, Fortune launched its own website at Fortune.com. On November 26, 2017, it was announced that Meredith Corporation would acquire Time Inc. in a $2.8 billion deal. The acquisition was completed on January 31, 2018.
Detailed explanation-3: -Those businesses now make up about 62 percent of Fortune’s nearly $100 million in annual revenue, and the magazine makes about $10 million in profit when not taking into account interest, taxes, depreciation and amortization.