Tribune Publishing, the Los Angeles Times and Vox Media are implementing furloughs, layoffs and salary reductions during the coronavirus crisis.
Tesla delays the release of its semi until 2021; the Skimm cuts staff 20%, and Comcast struggles with the loss of revenue from theme parks, movies and sports.
Investors were apparently impressed with Netflix's fourth quarter and 2017 year-end report. On January 22, the day Netflix (NASDAQ: NFLX) released its Q4 and year-end financials, stock was valued at $227.58 per share. As of 7:59 PM Eastern yesterday, Netflix was valued at $250.29 per share, an increase of $22.71. Investors had a lot to impressed with. Netflix reported it had grown its streaming revenue to more than $11 billion in 2017, a 36 percent increase over the prior year. In addition, Netflix added 24 million new members last year, a 5 million member increase over 2016.
Top 'o the morning to you on this St. Patrick's Day! Before you dig into the corned beef and cabbage, feast your eyes on these subscription headlines: YouTube TV increases subscription fees for new subscribers, a payments company will bring 300 new jobs and invest $30 million in a new office in Omaha, and Tubefilter shares lessons learned from the rise and fall of Vero, a new social sharing platform.
A bipartisan group of political news publishers has formed its own advertising network - the Digital News Alliance - to compete against Facebook and Google for political ad revenue. Mediaite, Law & Crime, the Washington Free Beacon, Daily Caller, Raw Story and AlterNet will offer a range of traditional and custom advertising packages that include display ads, video, newsletters, sponsorships, social media and other media. The sites have more than 145 million combined pageviews per month, 11 million Facebook followers and 1.1 million Twitter followers, creating extensive reach for the new ad network.
Zuora helps The Seattle Times meet digital subscriber goals, Hubspot shares newsletter tips, and NYT Co. names a successor President-CEO.
Gannett reported 31% growth year-over-year in digital-only subscribers for Q2 2020, bringing total digital-only subscribers to 927,000.
Oracle has reportedly won the bid to buy social video platform TikTok from Beijing-based parent company ByteDance.
Houghton Mifflin Harcourt is restructuring the company, which includes laying off 525 and focusing on recurring subscription revenue.
Salt Lake Trib to move to weekly print paper, GoCardless partners with Brompton's bike service for payments, ESPN puts more content behind paywall.