Athletic for sale
- Thread starter kcbob79clone
- Start date
If people cared about them and they had the viewers and ratings, they’d already have a buyer.
Turns out Mandel was just projecting
Wonder how it feels to be The Athletic and hit the open market only to find out nobody wants you.
The media has conflicts of interest between journalistic ethics and the bottom line?
Next thing you'll tell me is there's gambling at Rick's nightclub in Casablanca.
“But there is just one problem: Despite 1.2 million subscribers, $80 million in revenue last year, and a valuation north of $500 million, The Athletic still isn’t profitable. The company has reached desired size and scale, but the business model isn't working. That’s not me being harsh. It’s the truth.”
I feel like Mandel said they same thing about the Big 12 Leftovers being unwanted. Maybe he should’ve taken a look in the mirror.
huddleup.substack.com
I feel like Mandel said they same thing about the Big 12 Leftovers being unwanted. Maybe he should’ve taken a look in the mirror.
The Athletic: $140M In Funding, Still Not Profitable
Axios reported this week that the New York Times was "looking into a potential acquisition of The Athletic," but what are they willing to pay?
huddleup.substack.com
Here's your problem with most of society. Things aren't done to provide info, or health, or indeed much of anything - they are designed to be profitable. Way back when a local paper provided info and generally knew there were enough people that they could make that work with ads. Now? Just pump value by whatever means and hope to create a perception, at least, of value. Its not how well you write, but how many mindless consumers you can reach.
A lot of sports writers I read and listened to got gobbled up by the athletic over the past couple years only for me to never see/hear from them again.
I subscribed for a buck a year or so ago. I read two articles and never read anymore. I honestly don’t give a **** about sports stories unless it’s directly Iowa State related
There have a lot of good writers, and they provide the most comprehensive coverage of many of my favorite teams (not ISU unfortunately). But while they were busy patting themselves on the backs, they failed to make any money.
After this conference realignment fiasco, I have no sympathy for Staples, Mandel, and Auerbach. They are not only actively cheering on the power grabs that many college football fans are disgusted with, they're attempting to influence the perceptions that drive those changes. Ultimately, I don't think they know as much as they like to project. Either way, they've lost their way in this and have handled it with zero professionalism. Talking down to your audience at every opportunity is a bad look.
Have a subscription and it's worth all 100 pennies a month it costs. I like reading and pretty much daily they have an article comparable to the feature ESPN the Mag used to have.
