(Total Views: 196)
Posted On: 06/11/2022 2:30:53 PM
Post# of 13842
Re: ThreeEmInEn #2069
You gotta love statements like this
"Looking for revenue ramp over the past few years ...and wasn't there "
That never provide the real reason why.it didn't happen, like this
More than 6,150 news workers were laid off amidst the COVID-19 pandemic
https://www.cjr.org/tow_center_reports/more-t...id-off.php
" Advertising revenues dramatically dropped as the US faced deep economic uncertainty and in-person events were cancelled in March 2020 These circumstances disproportionately impacted traditional news media, such as newspapers and magazines, which historically rely on print advertising as their main source of income. At the same time, online traffic exploded, especially at the local level, as communities sought out information about a little-known virus spreading rapidly across the country. However, this online readership growth did not directly plug the financial gap as news organizations continued to struggle to monetize digital advertising in substantial ways."
The pandemic sank mass transit use. Data show its slow recovery.
https://www.nbcnews.com/news/us-news/pandemic...y-n1274784
"Nobody was riding the train. Nothing was open. Nobody was going to work, so there was no ridership,"
"The impact has been truly unprecedented in terms of the ridership losses and the revenue losses that we've seen to the industry,"
"Looking for revenue ramp over the past few years ...and wasn't there "
That never provide the real reason why.it didn't happen, like this
More than 6,150 news workers were laid off amidst the COVID-19 pandemic
https://www.cjr.org/tow_center_reports/more-t...id-off.php
" Advertising revenues dramatically dropped as the US faced deep economic uncertainty and in-person events were cancelled in March 2020 These circumstances disproportionately impacted traditional news media, such as newspapers and magazines, which historically rely on print advertising as their main source of income. At the same time, online traffic exploded, especially at the local level, as communities sought out information about a little-known virus spreading rapidly across the country. However, this online readership growth did not directly plug the financial gap as news organizations continued to struggle to monetize digital advertising in substantial ways."
The pandemic sank mass transit use. Data show its slow recovery.
https://www.nbcnews.com/news/us-news/pandemic...y-n1274784
"Nobody was riding the train. Nothing was open. Nobody was going to work, so there was no ridership,"
"The impact has been truly unprecedented in terms of the ridership losses and the revenue losses that we've seen to the industry,"
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