The New York Times is an age-old ad seller, unlike Uber or Roblox. Yet its ad revenue is down YOY. The Times attributes its advertising underperformance primarily to advertisers being skittish about appearing alongside certain news topics, such as reporting on the war between Israel and Hamas.
Earlier this week, Disney, Fox and Warner Bros. Discovery announced plans for a joint-venture streaming TV service to pool sports airing rights, potentially beginning later this year, The Wall Street Journal reports.
#earnings #advertising-businesses #ad-revenue #digital-advertising #streaming-tv-service #sports-streaming #joint-venture-streaming-app
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