Media Briefing: Publishers’ Q4 earnings paint a gloomy picture of 2023
Only place to go is up
During a fairly positive Q1, some publishers released their Q4 earnings reports, reminding the industry that ad revenue may be on the come-up, but it’s based on a new low set in 2023.
Gannett, IAC, News Corp and The New York Times released their Q4 and full year 2023 earnings this month and rather than waiting for the remaining stragglers (ahem, The Arena Group and BuzzFeed), below is a look at how the four public media companies performed in the final quarter of 2023, as well as some of their full year performances.
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Source:: Digiday
