BREAKING: Chicago Imposes 9% ‘Anime Tax’, Begins Enforcement of Anime Control Act
Posted: July 13, 2015 Filed under: Art & Culture, Comics, Entertainment, Humor, Japan | Tags: Animation, Anime, Cartoon, Chicago, Chicago Tribune, class warfare, corruption, Netflix, Netflix Tax, Progressivism, Sales tax, satire, Socialism, streaming, Streaming media, Subscription business model, Tax, Taxation, Taxes Leave a comment
[Also see – Chicago to Apply 9% ‘Amusement Tax’ for ‘the Privilege of Chewing Gum’]
[More – Chicago to Apply 9% ‘Netflix Tax’]
Grey Lady Down part 2: New York Times Profit Falls 12%; Print, Digital Revenues Still Falling
Posted: February 6, 2014 Filed under: Mediasphere, U.S. News | Tags: Advertising, Mark Thompson, New York Times, Revenue, Subscription business model, Wall Street 1 Comment
Joel. B. Pollak writes: The New York Times announced Thursday that operating profits had fallen 12% in the fourth quarter of 2013 compared to the same period a year before.
[See Gray Lady Down: What the Decline and Fall of the New York Times Means for America at Amazon]
Earnings per share dropped by roughly two-thirds, from $0.76 to $0.24. Total revenues were down 5.2% and advertising revenues were down 6.3%, with print advertising revenues falling by 7.0% and digital by 4.3% over 2013…
Recall from our previous post, citing a New York Observer report, internal dissent at the NYT has “reached the boiling point”. The complaints—collected in interviews with more than two dozen current and former Times staffers—include reporters expressing frustration at the editorial page’s decline:
“As for the columnists, Friedman is the worst. He hasn’t had an original thought in 20 years; he’s an embarrassment. He’s perceived as an idiot who has been wrong about every major issue for 20 years…”
WHOOSH: Netflix Blasts Past 40 Million Global Subscribers in Third Quarter
Posted: October 21, 2013 Filed under: Economics, Entertainment | Tags: Arrested Development, Emmy Award, House of Cards, Netflix, Orange Is the New Black, Reed Hastings, Streaming media, Subscription business model Leave a comment
Felipe Caicedo/ Getty Images
Andrew Wallenstein reports: Netflix added 1.29 million subscribers in the three months ending in September, according to the third-quarter earnings report issued Monday.
Netflix stock soared in after-hours trading approximately 10% on news of the growth. In a move that could also be significant for Netflix’s stock, the streaming service also announced that it would accelerate its schedule of spending on original programming.
That brings Netflix’s domestic streaming audience to 31.9 million. Together with the addition of 1.44 million international subs, that brings Netflix’s global sub base to over 40 million. Read the rest of this entry »
