Revenue for the quarter was $110.3 million as compared to $104.6 million in the same period in the prior year, representing an increase of $5.7 million (5.4%). The revenue increase was primarily due to increases in advertising revenue of $5.6 million (11.1%), circulation revenue of $3.3 million (10.3%) and parcel revenue of $0.4 million (2.8%), partially offset by decreases in other revenue of $3.6 million (43.8%). Excluding the impact of the Saltwire asset acquisition, advertising revenue for the quarter increased by 1.4%. As such, excluding the impact of any acquisition related activity, advertising revenue has increased in comparison to the same quarter in the prior year for the first time since the third quarter in 2022.

 Getty Images and Shutterstock announced that they entered into a merger agreement to combine in a merger, creating a premier visual content company. The combined company, which would have an enterprise value of approximately $3.7 billioni, will be named Getty Images Holdings, Inc. As a combined company, Getty Images and Shutterstock will offer a content library with greater depth and breadth for the benefit of customers, expanded opportunities for its contributor community and a reinforced commitment to the adoption of inclusive and representative content.

 

Google has sent the $100 million it agreed to pay Canadian news outlets in exchange for an exemption from the Online News Act to a journalism organization designed to disperse the funds. Google confirmed it has transferred the money to the Canadian Journalism Collective, a federally incorporated non-profit organization run by independent publishers and broadcasters.

The 16th Annual 2024 COPAs will be held on Febraury 12, 2025 in a hybrid event the will consist of a dinner party and webacst for attendees from across Canada.The event will be broadcast on Zoom and on X #mastheadmag. The COPAs are Canada's largest industry event for publishers across Canada. The tickets are $100 per person or $35 for the webcast

 Hamutal Dotan Editor in Chief has announced the relaunch of the printed version of The Canadian Jewish News. The redesigned magazine Scribe Quarterly—a name that both hearkens to tradition and evokes the journalistic goals they will be pursuing. They say they will be covering everything from politics to religion, education to food culture. A national edition of the newspaper was published for 60 years in Toronto.