Tag:economicsClear
huddleup

But while virtually every news outlet struggles with a broken business model, the New York Times appears to be thriving. With 12.78 million total subscribers, $2.8 billion in annual revenue, $550 million in free cash flow, and a $12 billion market cap, the NYT has become an anomaly in an industry that is otherwise in free fall.

1w ago
whyisthisinteresting

I think records were just a little bubble through time and those who made a living from them for a while were lucky. There is no reason why anyone should have made so much money from selling records except that everything was right for this period of time. I always knew it would run out sooner or later. It couldn’t last, and now it’s running out. I don’t particularly care that it is and like the way things are going. The record age was just a blip. It was a bit like if you had a source of whale blubber in the 1840s and it could be used as fuel. Before gas came along, if you traded in whale blubber, you were the richest man on Earth. Then gas came along and you’d be stuck with your whale blubber. Sorry mate—history’s moving along

1w ago

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