Posted on 03/26/2021 8:38:02 PM PDT by CheshireTheCat
Two of the biggest newspapers in the state of California, the Los Angeles Times and the San Diego Union-Tribune, reported losing “north of $50 million” in annual revenue over the course of the year 2020, according to The Hill.
Chris Argentieri, the president of the two newspapers’ parent company California Times, revealed the losses in a recorded conference call with staff. The situation represented a “catastrophic drop in revenue for the company north of $50 million, on top of a business that was already using cash and not producing cash,” Argentieri said, explaining that the losses came from both print advertising and digital advertising....
(Excerpt) Read more at amgreatness.com ...
It’s hard to believe this occurred during the Great Toilet Paper Shortage of 2020. We need an investigation here.
Some insane rich sob will prop them up. (bezos wapo)
My second LOL of the day! That is a PERFECT summation of why I don't subscribe to any newspapers any more. That, and hey, if they want to push socialism, let them reap the fruits of that ideology. Everything is free to everyone. That's why I don't buy any form of music any more, either.
Note to RIAA and its legal goons - I don't steal it either.
I lived in L.A. for 17 years and every Sunday the L.A. Times had a section called callander which would let you know all the goings on around the L.A. area for the next week or month.
Usually around 100 pages or so and you could see where what entertainment would be.
But it has always been anti Israel which didn’t make sense as there are so many Jews in the L.A. area.
Too bad So sad!
Not unique in the business world I’d guess for the past year.
The shut down of business has impact all parts of the economic
structure.
Always nice to see leftist, democrat party, operative organizations lose money.
Correction: Two Major California DNC Propaganda Platforms Lost Over $50 Million in Revenue in 2020
I just buy the NYT Sunday crossword books. 50 puzzles for about $12. Used to buy the Oregonian on Sundays, when it went up to $3.00, I quit. Hated their political slant , and most of it was ads, big waste of money.
The Wall Street Journal is reporting thousands of such ghost subscribers to their advertisers. The Wall Street Journal might be committing fraud against their advertisers or they are disclosing how many of their "subscribers" aren't paying and the advertisers don't care.
A letter to the Attorney General's office might trip a few levers.
They will be. Just a matter of time. Used to work for 2 different ones. Good days are gone now.
Or . . . build solar panels, like their laid off Keystone pipeline brethren were told by John Kerry.
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