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The New York Times Company reports double-digital revenue and subscriber growth for Q4 and the full year 2022.
Yahoo is laying off 1,600 employees, or 20% of workforce, as company restructures its ad tech division.
Disney announced they would cut 7,000 jobs and cut expenses by $5.5B as part of a companywide strategic restructuring.
Vox Media gets $100M from Penske Media, Twitter Blue only has 180K subscribers, Apple has 935M paid subscriptions.
Last week, Marquee Brands announced that it has acquired a majority stake in America’s Test Kitchen.
Snapchat gains 12M members; Herd & Grace to launch premium steak subscription; ChatGPT testing subscription tier.
In last week’s financials, Meta reported a rough Q4 and full-year 2022 with big declines year-over-year.
Eighteen months after its relaunch, Gawker is being shuttered again. Parent company Bustle Digital Group is also laying off 8% of staff companywide.
Diane Pierson of Innovate on Purpose explains black swans and how subscription businesses can prepare and respond to them.
In its Q4 and full-year 2022 earnings report, Amazon reports a net loss of $2.7B for the year, though the company still experienced revenue gains.
