BuzzFeed Revenue Fell Sharply in 2023 as CEO Jonah Peretti Figures Out Turnaround Plan
BuzzFeed touted its recent sale of Complex as a milestone for the struggling media company.
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BuzzFeed touted its recent sale of Complex as a milestone for the struggling media company.
“We’re big believers in bundling. It is one of the tried and true methods of value creation in media.”
“I’m super confident in our business. More confident than ever.”
Some mall owners might struggle with retail tenants filing for bankruptcy, exiting spaces and refinancing debt. But, apparently not Macerich. Macerich reeled in $62.2 million in net income during the last three months of 2023 — or 3,580 percent more than the $1.7 million in profit it reported in the fourth quarter of 2022, according to […]
The post Macerich reports 3,600% profit jump in Q4 while “running out of anchor space” appeared first on The Real Deal.
Cities won’t see any new developments from Kilroy come online this year. “We do not anticipate starting any new developments in 2024,” Justin Smart, Kilroy’s president, said on a conference call Tuesday discussing the real estate investment trust’s fourth-quarter earnings. Instead, the L.A.-based firm is focused on its 17 million-square-foot office and life science portfolio, […]
The post Kilroy Realty won’t start any new developments in 2024 appeared first on The Real Deal.
Big Tech companies closed 2023 full of bold headlines.
Netflix’s film chief Scott Stuber announced his resignation one day before Netflix’s quarterly earnings release.
M&T Bank in the fourth quarter flagged over one-quarter of its commercial real estate debt as criticized, a marker of higher risk of default or delinquency. At-risk loans jumped to 27 percent in the period from 24 percent at the end of the third quarter, driven by debt backed by medical offices and multifamily. The […]
The post 27% of CRE loans show risk of default, M&T reports appeared first on The Real Deal.
Ford and GM pulled back on their EV goals as poor profit margins and an unprecedented union strike hit financial bottom lines.
Ford and GM pulled back on their EV goals as poor profit margins and an unprecedented union strike hit financial bottom lines.