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…”
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 »