Chapter
The Business of Online Journalism
21:29 - 24:28 (02:58)
The Toronto Star and patch.com faced financial troubles due to declining revenue and pension obligations, respectively, despite being successful online news outlets.
Clips
Despite the success of some local news outlets, many have failed to turn a profit, with even experienced entrepreneurs like Kevin Ryan and Tim Armstrong struggling to figure out the business model.
21:29 - 22:36 (01:07)
Local News
Summary
Despite the success of some local news outlets, many have failed to turn a profit, with even experienced entrepreneurs like Kevin Ryan and Tim Armstrong struggling to figure out the business model.
ChapterThe Business of Online Journalism
Episode#97 with Andrew Wilkinson - The Warren Buffett of the Internet Returns
PodcastMy First Million
The Toronto Star, considered the Washington Post of Canada, recently sold for $50 million and had $50 million in the bank but also had $50 million in pension obligations.
22:36 - 24:28 (01:51)
Media Companies
Summary
The Toronto Star, considered the Washington Post of Canada, recently sold for $50 million and had $50 million in the bank but also had $50 million in pension obligations. Some media companies in Canada make hundreds of millions of dollars but struggle to make a profit while also managing pension obligations.