Tribune Publishing - Financial Situation Worsens
Jane Genova: Speechwriter - Ghostwriter
JUNE 5, 2020
Tribune Publishing can't get its footing in the turbulent world of media, made much more volatile by COVID-19. Both establishment media, such as Tribune Publishing, and digital natives like BuzzFeed, have been struggling to make money. However, the revenue model for too many is from advertising. MarketWatch reports that its Q1 net loss was $45.3 million. That's essentially 10 times what it had been a year ago - $4.7 million. Revenue declined 11.5%.