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To try to cut costs, McClatchy announced that it will close seven of its newspaper locations with the intent of opening new locations in 2021.
Online pet food and supply retailer Chewy reported net sales of $1.62B for Q1 2020, a 46.2% increase year-over-year, showing a shift in customer behavior.
Hit hard by COVID-19, AMC Theatres reports a net loss of $2.2B in the first quarter, along with revenue of $941.5 million.
In its first quarter earnings report, Tribune Publishing revealed 30.7% growth in digital subscribers, along with revenue declines and a net loss of $44M.
Brands can leverage their advertising during COVID-19, MasterClass raises $100M in funding, and Chris Hemsworth’s app Centr is making headlines for its business practices.
In its third quarter earnings report, Meredith Corp reports a 6% reduction in revenue due to portfolio changes and COVID-19 impacts.
Weekly Subscription News, May 16, 2020: Quibi puts free content on YouTube to grow subscribers, Wink charged with extortion, and Canva adds 15 times more
Five on Friday, May 15, 2020 includes jobs at NBA League Pass, Roku’s huge increase in viewership and the trend to online shopping subscriptions.
In its first full quarter earnings report since the merger, Gannett Co., Inc. reports a net loss of $80.2 million and strong revenue & adjusted
