Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!

Dana E. Neuts

Three Subscription Products Help The New York Times Deliver Strong Q1

Yesterday, The New York Times Company (NYSE: NYT) delivered strong first quarter financials, driven by three subscription products, including the companys news, NYT Cooking and Crossword products. During the first quarter of 2019, The Times added 223,000 net new digital-only subscriptions, including 144,000 for news. This brings the companys total number of subscribers to 4.5 million, keeping it on pace to reach 10 million subscribers by 2025.

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McGraw-Hill and Cengage Will Merge in an All-Stock Deal

Last week, two educational publishing powerhouses – McGraw-Hill and Cengage – announced they would merge in an all-stock deal on equal terms. The deal will combine the strengths of both publishers to form a new global learning company, benefiting students, educators and related professionals. The boards of both companies have unanimously approved the deal. According to Publishers Weekly, the deal is expected to close by early 2020. It will retain the McGraw-Hill name and be led by Michael Hansen, the CEO of Cengage.

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Gannetts Q1 Revenue Drops 8 Percent as It Battles MNG Takeover

Gannetts first quarter results, announced May 1, did not do much to quell concerns that the company can successfully fight off a takeover attempt by MNG Enterprises. Operating revenue for the quarter was $663.4 million, an 8.2% decrease compared to operating revenue of $723.0 million in the first quarter of 2018. The biggest decline was in advertising and marketing services revenue which totaled $365.2 million, compared to $410.3 million for the same period last year. Circulation revenue was $252.7 million, compared to $266.6 million, and other revenue was $45.4 million, compared to $46.1 million in the first quarter of 2018.

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CBS Sets New Company Records in Quarterly Revenue and Earnings for Q1

In its first quarter 2019 financials released on May 2, CBS (NYSE: CBS, CBS.A) reported its best quarter ever in terms of revenue and Q1 records in adjusted operating income and adjusted diluted earnings per share. Total revenue for Q1 was $4.17 billion, an 11% increase year-over-year. Adjusted operating income was $793 million, a 2% increase year-over-year. Though an increase, this was offset by higher costs for premium content, including the number of owned series and higher investments into the growth and expansion of the companys direct-to-consumer streaming service.

CBS Sets New Company Records in Quarterly Revenue and Earnings for Q1 Read More »

Weekly Subscription News: Stripe, Slack and Switch Online

If youre looking for a break from politics, youre in the right place. Weve got plenty of interesting subscription headlines to share, including: Slack files for an IPO, revealing $400 million in revenue and $139 million in losses, AT&T’s DirecTV Now loses 83,000 subscribers, and Brave launches its own ads that pay users a 70% cut. Also, this week, Stripe launches in Europe for subscription and SaaS payments, Switch Online hits 9.8 million subscribers, and Apple is looking to expand its Apple News staff.

Weekly Subscription News: Stripe, Slack and Switch Online Read More »

illustration of the number five, representing the five subscription business topics for this column, Five-on-Friday

Five on Friday: Fitness Subscriptions, Facebook Redesign and Top Jobs

Happy May! As the days get longer, weve got plenty of great subscription articles to share including how fitness subscriptions are making exercise and personal training at home more convenient, Meredith Corp. has Sports Illustrated on the bidding block and Authentic Brands appears to be the frontrunner, Facebook announces a major redesign, Instagram is testing a feature that hides likes and view counts, and LinkedIn shares top subscription jobs.

Five on Friday: Fitness Subscriptions, Facebook Redesign and Top Jobs Read More »

Enterprise Launches Car Subscription Service in Three States

Enterprise kicked off the month by launching Subscribe with Enterprise, the companys first car subscription service. The new subscription service will be tested in three states to start: Minnesota, Missouri and Nevada. For one monthly fee, subscribers can choose from more than 20 makes and models, including different vehicle classes including full-size, small and mid-sized SUVs and light duty trucks. They can swap out their vehicles up to four times a month.

Enterprise Launches Car Subscription Service in Three States Read More »

Apple Reports Record High Revenue of $11.5B for Services

On Tuesday, Apple (NASDAQ: APPL) reported record services revenue of $11.5 billion for the second quarter of its fiscal year 2019, for the period ended March 30, 2019. Total revenue for the period was $58 billion, down 5 percent year-over-year. Quarterly earnings were $2.46 per diluted share, down 10 percent year-over-year. Services revenue, which includes subscription revenue, now comprises 19.8% of Apples total revenue, a strategic shift that allows the tech giant to rely less heavily on products. Product revenue made up the balance of revenue at $46.6 billion.

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Facebook Anticipates FTC Fine Between $3 Billion and $5 Billion

Last week, social media network Facebook (NASDAQ: FB) reported its first quarter results for 2019. Included in that report was Facebooks expected fine from the Federal Trade Commission ranging between $3 billion and $5 billion due to the FTCs inquiry into the companys platform and user data practices. Facebook has been in negotiations with the FTC for months with the FTC claiming the social media platform violating a 2011 decree from the FTC to change its business practices. The FTC is also investigating the Cambridge Analytica data breach revealed early last year.

Facebook Anticipates FTC Fine Between $3 Billion and $5 Billion Read More »

Movie Ticket Subscription Service Sinemia Files for Bankruptcy

Last week, movie ticket subscription service Sinemia filed for Chapter 7 bankruptcy protection in Delaware, reports Business Insider. Among Sinemias challenges are two class-action lawsuits and a lawsuit by MoviePass for patent infringement. One of the class action suits (Paul Early and Jonathan Gollner v. Sinemia filed November 9, 2018 in the U.S. District Court for the District of Delaware), the plaintiffs allege that Sinemia used a bait-and-switch scheme to lure consumers with a monthly or annual subscription, then added on undisclosed and unexpected fees each time a subscriber sees a movie using Sinemia.

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