It was a prescient move, especially in the niche area of sports journalism. In late April, ESPN announced it was ending the print run of ESPN magazine, claiming "the vast majority" of the magazine's readers now consume its journalism digitally rather than through the print version. Commenting on the announcement, Reed Phillips, a managing partner at the investment bank Oaklins DeSilva & Phillips, said, "it's almost impossible to support a sports magazine in print." To that end, TEGNA Inc., as noted, isn't a journalism company in the traditional sense, especially when compared to its former parent, Gannett, which owns over 100 daily newspapers and nearly 1,000 weekly newspapers. TEGNA's portfolio also includes digital marketing services brand G/O Digital and a new multicast network called Quest. It's no coincidence that its press release mentioned TEGNA's support for diversity and development opportunities for "other professionals in the media field."