Today’s news that the (failing?) New York Times reported net income of $55.2 million, after losses a year earlier — and that its digital business raked in $709 million — is just one indicator that some of the nation’s oldest media properties are finally crossing the bridge into the 21st century. The Times managed to turn […]
View More Profits at The New York Times show media dinosaurs are ruling the internetCategory: verizon media group
Verizon reports mixed results for Q4 2018
Verizon (TechCrunch’s parent company) just released its earnings report for the fourth quarter of 2018. The company generated $34.3 billion in revenue with an adjusted EPS of $1.12 that excludes special items. Verizon’s actual EPS for this quarter is 47 cents. The reason why the company had to adjust its EPS is that the company […]
View More Verizon reports mixed results for Q4 2018Verizon Media Group is laying off 7 percent of its workforce
The Verizon division formerly known as Oath is laying off 7 percent of its workforce, which amounts to roughly 800 employees. Oath was created after Verizon acquired AOL, followed by Yahoo, bringing them together two years ago as a combined digital media entity with a new name. However, it seems that the organization hasn’t performed […]
View More Verizon Media Group is laying off 7 percent of its workforce