Friday May 24, 2019

Warning: Use of undefined constant sfire_topic_count_text - assumed 'sfire_topic_count_text' (this will throw an Error in a future version of PHP) in /nas/content/live/nyconvergence/wp-content/themes/nyconvergence-3/functions.php on line 188

New Media Struggles for Profitability

Cover of BusinessWeek

Cover of BusinessWeek (Photo credit: Wikipedia)

While some older media companies are still adjusting to the web, web-based content providers are still far from profitable. Business Insider has more web traffic than Bloomberg BusinessWeek and the Financial Times, but after four years it does not make a profit. CBS News, however, does make a profit. But brands including The New York Times face an uncertain future as people get most of their news from Facebook, YouTube and Twitter. Facebook has its own share of issues, too. It’s having a hard time adapting to mobile technology.

Crain’s New York Business