Consumer Media and Publishing
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Washington Post to end Sunday Magazine, consumers cut spending on beauty subscriptions and Peacock hits 18M paid subscribers.
This week in Five on Friday, platforms are wrapping things up. Spotify brought back Wrapped, and gave us their own Wrapped as well! Twitter delays
Penske Media has acquired 60-year-old contemporary art magazine, Artforum, growing its stable of magazines.
Meta threatened to remove news from Facebook if the Journalism Competition and Preservation Act passes.
Ads drive revenue for video, not subscriptions; Post bets big on micropayments; Amazon Alexa set to lose $10B in 2022.
For Q3 2022, Gannett reported 1.98M digital-only paid subscribers, growing to more than 2M in October.
In Q3 2022, The New York Times reports it has 9.33M paid subscribers including 8.59M paid digital-only subscribers.
Lyft cuts subscription price in half, Patreon is struggling, and the FTC considers rules to fight fake reviews.
Kanye Yest, who now goes by Ye, plans to purchase Parler, an alternative, conservative social media platform.
Gannett is making major cuts that directly impact staff including pause of 401(k) match, mandatory leave and severance offers.
