Buzzfeed's freefall since going public in 2021 continued, with advertising revenue falling by over one-third. Competitor gains and plummeting engagement were jointly cited as the leading factors.
Comcast's results provided a near-perfect picture of the evolution of media consumption habits, with cable suffering while digital improved markedly. Its advertising revenue fell due to slated softness in the linear market alongside a shortfall due to lack of intensive political advertising.
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