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It just instituted a bunch of changes which will radically change the magazine and may make it break even. "A person familiar with the matter said the publicati
by mappingbabeljc 10y ago
It just instituted a bunch of changes which will radically change the magazine and may make it break even. "A person familiar with the matter said the publication, which Bloomberg acquired in 2009, was on pace to lose between $20 million and $30 million this year." http://www.wsj.com/articles/bloomberg-changes-businessweek-leaders-ends-political-tv-program-1479414097 http://www.wsj.com/articles/bloomberg-changes-businessweek-l...
- rz2k 10y agoAccording to what I could find online, the advertising rates they can charge make The New Yorker relatively profitable. Do you know if Bloomberg television is profotable or mainly a vehicle for promoting the brand? The reporting is a whole lot higher quality than CNBC, but the ads, especially in the evening seem like they are pretty cheap.
- donohoe 10y agoBetween subscriptions and ads, I can say from first-hand knowledge that The New Yorker is definitely one of the more profitable Conde barns/magazines.