The article discusses the recovery trends in the publishing industry in 2024, highlighting the increase in digital advertising revenue for companies such as IAC, Gannett, and The New York Times, which rose between 3.8% and 12.8%. Subscriptions also grew positively for several firms. However, some publishers like BuzzFeed and Gannett experienced declines due to restructuring efforts and asset disposals. Notably, BuzzFeed's revenue fell 18%, while The New York Times’ revenue grew 6.6%, showcasing varied performance across the sector.
In 2024, digital advertising revenue for several publishers increased significantly compared to 2023, showcasing a positive trend in the industry.
Despite some gains, publishers like BuzzFeed and Gannett faced revenue declines due to restructuring and asset sell-offs.
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