Panelists at a major casino industry conference said the construction of three new casinos in New York could cost Atlantic City 20% to 30% of its casino revenue, a development that could possibly return the resort to the days of casino closures. While not predicting that it will definitely happen, Jim Allen, chairman of the […]
Adpocalypse 2.0: Twitter Ad Revenue Fell by 70 Percent in December
March 12, 2023 by
Twitter’s advertising revenue dropped sharply in December 2022, with ad spending from top brands falling 71 percent compared to the same month in 2021. The data, from Standard Media Index (SMI) data, comes as major corporations attempt to pressure Elon Musk’s Twitter over its restoration of prominent banned conservative accounts. Elon Musk’s Halloween costume (Taylor Hill
Report: CNN to Lay Off up to 50 Employees After Missing Revenue Targets.
February 13, 2018 by
Joe Pompeo writes at Vanity Fair that CNN, led by its president Jeff Zucker, will soon lay off dozens of employees — mostly from “several high-profile digital initiatives” — after the left-wing news network failed to reach revenue targets. From Vanity Fair: [D]espite the so-called Trump Bump, CNN appears to be re-thinking at least some […]