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Financial report summary
?Competition
Eastern • Paramount Global - Ordinary Shares • Mcclatchy • Cumulus Media Inc. - Ordinary Shares • Spectrum Management Holding • Birmingham • Time Warner Cable • Scranton • Tribune Publishing • GannettManagement Discussion
- *** Indicates an absolute value percentage change greater than 100.
- (a) Other revenues included Other Digital revenues, including digital content syndication and affiliate revenues of $67.5 million and $65.8 million for the years ended December 31, 2023 and 2022, respectively.
- For the year ended December 31, 2023, Local and national print advertising revenues decreased compared to 2022, primarily due to a decrease in advertiser inserts, mainly due to volume declines, and a decrease in local and national print advertisements, mainly due to the ongoing decline associated with secular trends and both a shift and a reduction in spend from customers driven by macroeconomic factors. In addition, the decrease in Local and national print advertising revenues was also due to the absence in 2023 of revenues of $25.7 million associated with both businesses divested and non-core products which were sunset in 2023 and 2022. For the year ended December 31, 2023, Classified print advertising revenues decreased compared to 2022, primarily due to lower spend on classified advertisements, mainly driven by lower spend on obituary notifications and real estate advertisements, partially offset by an increase in spend on employment advertisements. In addition, the decrease in Classified print advertising revenues was also due to the absence in 2023 of revenues of $5.6 million associated with non-core products which were sunset in 2023 and 2022.