Sunday, July 31, 2016

Digital trends

Happy 59th birthday to Mark Thompson, former BBC DG and now CEO of the New York Times.
The company's results for Q2, out this week, show a 7% drop in digital advertising revenue (there was a 1% drop the previous quarter). Digital-only subscriptions rose by 51k, and the crossword apps added 16k.

But the bottom line was hit by $12m in pay-offs, largely down to closing the Paris operation. And next quarter there's a further hit of $11m in the pipe-line, to cover another 80 redundancy deals.

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