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While most metrics were down, including subscriptions, performance marketing revenue and advertising revenue, newsstand revenue was up 14% and ad revenue is up 3% on a year over year basis.
CEO Neil Vogel told investors the “Print is on fire — after making very hard decisions, followed by real investment, out titles are gown growing again after years of decline.”
The investments include upgrades including paper quality, and are now considered by the company to be a luxury good that will help burnish its branding.
Dotdash Meredith merged in 2021 and cut several long-standing titles from its portfolio including Entertainment Weekly, InStyle, Health, and Eating Well. Upgrades have been made to Food & Wine, and Better Homes & Gardens.
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| Jaded says: | |
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
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| Lorene Shyba says: | |
Full of terrific information, Thanks!... |
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