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Publishers find the AI era not all that lucrative
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We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
Yahoo / J. Clara Chan / Mar 26, 2021
Chris Argentieri, the president of the two papers’ California Times parent company, described the losses as a “catastrophic drop in revenue … on top of a business that was already using cash and not producing cash” at an all-hands meeting on Thursday. The majority of the losses came from print advertising, though digital advertising and print circulation also sustained some losses. SS
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