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Mergers & Acquisitions

The New York Times acquires Audm, a subscription-based audio app.

The New York Times Acquires Subscription-Based Audio App Audm

Earlier this week, The New York Times Company announced it will acquire Audm, a subscription-based app that turns long-form journalism into professionally...
Tubi TV

FOX to Buy AVOD Service Tubi for $440 Million in Cash Deal

In the latest game of streaming service musical chairs, FOX announced that it will buy ad-supported streaming video service Tubi for $440 million...

Tribune Publishing Struggles in Q4 But Reports Earnings for Full Year

Source: Tribune Publishing Last week, Tribune Publishing Company reported its fourth quarter and full year 2019 financial results which were a mixed bag. The company's...
Weekly Subscription News

Weekly Subscription News: Data Platforms, DocuSign and Disney

In this week's subscription headlines, DocuSign acquires AI contract startup Seal Software for $188 million, ChartMogul launches the world's first subscription data platform, and the Boston Globe see its fastest online subscriptions in years. Also this week, YouTube might let creators sell their own ads, Blue Apron might be acquired by a competitor, and Disney prepares to launch in U.K. with promotional annual pricing.

Gannett Posts $95M Loss in Q4, First Earnings Report Since Acquisition

Source: Gannett In its first earnings report since the acquisition by New Media Investment Group, parent company of GateHouse Media, Gannett posted a fourth quarter...
Weekly Subscriuption News

Weekly Subscription News: Acquisitions, Adoption and Announcements

As we head into Leap Year weekend, subscription companies are considering acquisitions, adoption of new offerings, and making announcements about their latest products and services. Headlines include Apple services is estimated to hit $50 billion in profits by 2025, High Times getting the OK to go public, and Redbox rolling out its own online streaming service. Other news includes Alamo Drafthouse launching a season pass movie subscription service, Fox looking at acquiring AVOD Tubi, and Lee Enterprises boasting its digital growth.

Five on Friday: Publishing, Streaming, Tweeting and Unicorns

Happy Leap Year, everyone! While it isn't like a three-day weekend, it only comes around once every four years and is an extra day in February. We'll spend it planning next week's subscription news content and upcoming webinars and events. In the meantime, here's what's happening this week. Comcast agrees to buy ad-supported streaming service, Xumo, and Salesforce acquires unicorn Vlocity. A new RII study shows music subscription revenue is increasing, Social Media Today offers tweeting tips to maximize your subscription company's exposure, and What's New in Publishing shares digital subscription trends for publishers.
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ViacomCBS Reports Revenue Decline, Earnings Loss After Merger

Last fall, Viacom and CBS completed their merger, and it has taken a short-term toll on the company's finances. In its fourth quarter and 2019 year-end results, ViacomCBS reports total revenue of $6.9 billion, a 3% decline over the fourth quarter of 2018. For the fourth quarter, the company also reports an operating loss of $13 million and a net earnings loss from continuing operations of $273 million, or $0.44 per diluted share. "In less than three months since completing our merger, we have made significant progress integrating and transforming ViacomCBS..."

Spotify to Buy Bill Simmons’ The Ringer for an Estimated $196M

A day after announcing its fourth quarter 2019 results, streaming audio platform Spotify announced its intent to acquire Bill Simmon's The Ringer. This acquisition will help Spotify expand its content catalog with sports and pop culture podcasts and The Ringer website, as well as reach new audiences. Bill Simmons, a former ESPN personality, started The Ringer in 2016. Spotify did not disclose terms of the deal, but Variety reports that the company may be paying as much as $196 million cash for The Ringer. The acquisition is expected to close during the first quarter of 2020.

Weekly Subscription News: Phishing, Focus and Fury

Phishing scams, new focuses and fury dominate the subscription headlines this week: phishing hackers are targeting PayPal accounts, Politico has a new FDA-focused subscription that will cost as much as $75,000 a year, and angry HP customers take to Twitter to rant about HP demanding people sign up for monthly ink subscriptions. Also, Apple is looking at acquiring MGM, BBC will be making cuts as it shifts its focus to digital news, and Penguin Random House pulls certain titles from their unlimited-reading subscription service.

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