WASHINGTON--(BUSINESS WIRE)--Jul. 8, 2013--
The Washington Post Company (NYSE:WPO) today announced it will make an
investment in FaithStreet.com, a digital outreach and giving platform
for places of worship. The transaction will include a financial
investment, as well as the content of its popular website OnFaith.com.
Sally Quinn, editor-in-chief, will remain founding editor of OnFaith and
will work closely with FaithStreet.
“We are delighted to join efforts with FaithStreet,” said Ann McDaniel,
senior vice president of The Washington Post Company. “We expect that
users will appreciate the combination of FaithStreet’s many services and
OnFaith’s first-rate coverage of the intersection of news and religion.”
Ms. Quinn said, “This is very exciting. After six and a half years, we
have found the perfect partner for OnFaith. The founders of FaithStreet
have exactly the same vision for the expansion of OnFaith that we have.
They understand the importance religion plays in all aspects of our
lives. It is also gratifying that The Washington Post Company is
investing in this venture. I look forward to working together with them
to build OnFaith by FaithStreet into a major player in the religion
world and on the internet.”
Sean Coughlin, FaithStreet CEO, said, “Faith leaders create exceptional
content, and OnFaith by FaithStreet will give them a new platform to
publish that content and expand their audiences. Importantly, this
partnership will also bring new audiences to and drive further
engagement with the FaithStreet platform. We are honored to have The
Washington Post Company as an investment partner, and excited to bring
the great work Ms. Quinn has done with OnFaith into the FaithStreet
family.”
Source: The Washington Post Company
The Washington Post Company
Rima Calderon, 202-334-6617
calderonr@washpost.com