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Stock impact report

News Media Outlets Have Been Ravaged by the Pandemic [The New York Times]

New York Times Company (The) (NYT) 
Last new york times company (the) earnings: 2/6 07:00 am Check Earnings Report
Media|News Media Outlets Have Been Ravaged by the Pandemichttps://nyti.ms/39UsD9OThe Coronavirus Outbreakdebugid:204mentContinue reading the main storySupported byRoughly 28,000 workers at news companies nationwide have been laid off, furloughed or had their pay reduced. Some publications that rely on ads have shut down.Many of the 24,000 employees at Gannett, the nation’s largest newspaper chain, have been ordered to take five unpaid days off per month through June.Credit...Valerie Plesch for The New York TimesByMarc TracyApril 10, ,The news media business was shaky before the coronavirus started spreading across the country last month. Since then, the economic downturn that putnearly 17 million AmericansFinding a sizable audience has not been a problem for publishers. Hunger for news in a time of crisis hassent droves of readers“The traffic numbers are still way up,” said David Chavern, the president and chief executive of the News Media Alliance, a trade association representing ne Show less Read more
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