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News & Digital Media: Industry Update | Feb 2024

February 19, 2024

In 2023, the news & digital media industry encountered obstacles with diminished advertising revenues amid broader macroeconomic challenges. Nevertheless, the upcoming year shows potential for a recovery, primarily fueled by mobile advertising. In the coming years, we anticipate digital advertising and content to be pivotal forces for the industry. 

The attached Industry Update looks at the headline transactions, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins, revenue growth, and more.

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© Copyright 2024. The views expressed herein are those of the author(s) and not necessarily the views of Ankura Consulting Group, LLC., its management, its subsidiaries, its affiliates, or its other professionals. Ankura is not a law firm and cannot provide legal advice.