Harvard Business School is a sneaky media empire 🐍

In 2020, they did $262M in publishing revenue.

Publishing revenue is the largest segment of their revenue:

28% - Publishing
25% - Endowment Distribution
24% - Executive Education Tuition
15% - MBA Tuition & Fees
5% - HBS Online
3% - Housing Rents & Other

Some stats on their media business:

• $262M in 2020 publishing revenue
• 84M website visitors to HBR
• 340,000 subscribers to HBR
• 48 million podcast downloads to HBR