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.
In its third quarter earnings report, Meredith Corp reports a 6% reduction in revenue due to portfolio changes and COVID-19 impacts.
Magazine publisher Condé Nast and digital news outlet BuzzFeed announced additional layoffs, furloughs and cost cutting measures due to the pandemic.
In its first full quarter earnings report since the merger, Gannett Co., Inc. reports a net loss of $80.2 million and strong revenue &
The Seattle Times received a $9.9 million forgivable loan as part of the Payroll Protection Program under the CARES Act.
Tribune Publishing is the latest newspaper to implement furloughs, NPR heads into steep cuts & YouTube creators are seeing sharp declines in AdSense rates.
Tribune Publishing, the Los Angeles Times and Vox Media are implementing furloughs, layoffs and salary reductions during the coronavirus crisis.