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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For more information, please reach out to project leads Kathleen Lauster, CFA, and Matthew Lapish

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