The term "vertical" seems to be common amongst executives. I first came across the term when my father asked about the verticals of companies I was applying to. It appears to mean "line of business" or "field of work" or "subset of market". For example a company catering to textile industries, banks, pharmaceuticals, would have these "verticals".
So "content verticals" immediately made sense to me as "subsets of the content they produce".
PS: "we're deepening our reach into multiple markets by adding new content verticals." makes perfect sense because executives really do see the move as moving into multiple markets (or market segments) as each new magazine caters to a different class of people
It's eccentric to consider - say - food journalism as a vertical, because it really isn't.
But then "We're closing some of our online magazines" wouldn't sound nearly as decisive and strategic-y.
In all seriousness though, just because your Dad told you, it doesn't make it any less gibberish.
Or, you can slice it vertically, into departments, with all the levels of seniority together grouped by what they're actually doing. You could call them departments, you could call them markets, but those terms are already taken.
> Since they're a huge public company, they have to communicate facts about their business to investors, with some precision, and so they expose you to terms like these.
Isn't a term like "content vertical", though, used with investors precisely for its imprecision? That is, it imparts of flavor of mysterious business strategy and arcane MBA knowledge to the most mundane of activities: creating multiple sub-websites that focus on different content.
To extend your analogy, if a publishing company wants to precisely communicate the decision to publish new magazines, they'd say "this quarter we added four new magazines on the topics A, B, C, D to our roster." If they wished to make it sound like something deeper was going on, they might say, "we're deepening our reach into multiple markets by adding new content verticals."