Publishers swap traffic angst for strategy in Q3 earnings

The tone has flipped: instead of lamenting lost clicks, publishers are outlining where and how they’re building sustainable growth.

That’s been a key throughline in third-quarter publisher earnings calls: People Inc. saw search traffic declines that hurt its overall digital ad revenue, but was confident its strategy to focus on AI licensing and off-platform reach would help it overcome these challenges going forward.

Meanwhile, USA Today Co. (recently rebranded from Gannett) and Ziff Davis seemed to downplay the negative consequences of referral traffic in general, reporting traffic increases, albeit small ones. 

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Job cuts hit 22-year October high as retail layoffs from Amazon to Target mount ahead of holidays

This story was first published by Digiday sibling Modern Retail.

U.S. firms announced the most job cuts for any October in more than 20 years, fueled in part by mass layoffs at major retail companies.

Employers slashed 153,074 jobs last month, up 175% from a year earlier, according to a Thursday report from global outplacement and executive coaching firm Challenger, Gray & Christmas. October’s total marked the highest for the month since 2003, driven largely by cost-cutting, though artificial intelligence ranked as the second-most cited factor. Year-to-date layoffs were already at their highest level since 2020 before the heavy downsizing that occurred last month.

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