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This argument would be more convincing if The Athletic weren’t also losing millions of dollars a year. “Since The New York Times Co. acquired The Athletic for
by BadCookie 3y ago
This argument would be more convincing if The Athletic weren’t also losing millions of dollars a year.
“Since The New York Times Co. acquired The Athletic for $550 million in January 2022, the site has had a total operating loss of more than $43 million, even as subscribers have more than doubled to 3.27 million over the same span.”
Source: https://frontofficesports.com/the-athletic-lays-off-20-journalists-in-reorganization/ https://frontofficesports.com/the-athletic-lays-off-20-journ...
- 15457345234 3y agoI really don't know how you can lose that much money running a website like that for two years unless you're deliberately using it as a cost sink.
- infamouscow 3y agoThe NYT is not composed of impressive people.