2 ms·
190M doesn't pass the sniff test for revenue - as 38k/employee probably doesn't pay their average salary (much less overhead, equipment, travel, etc.). This mi
by aperson_hello 4y ago
190M doesn't pass the sniff test for revenue - as 38k/employee probably doesn't pay their average salary (much less overhead, equipment, travel, etc.). This might be their gross profit though?
Here's a source for $1.7B revenue (sounds more reasonable): https://www.pewresearch.org/journalism/fact-sheet/cable-news/ https://www.pewresearch.org/journalism/fact-sheet/cable-news...
But, your point still stands!
- hajile 4y agoI wonder if they mean net profit. Their number would be around 11% of that 1.7B which seems on point.