Media company articles
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Trump media company lost more than $327m in first quarter
Company said its focus is ‘long-term product development, rather than quarterly revenue’
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Trump Media Stock Up After Company Reports $300 Million Loss
Shares of Trump Media & Technology Group rose Tuesday in pre-market trading, following the release of the company's first quarter earnings report on Monday.The ContextTMTG, the parent company of former President Donald Trump's social media platform Truth Social, reported a net loss of $327.6 million for the first quarter of 2024. This loss was primarily attributed to non-cash expenses related to the company's recent merger with Digital World Acquisition Corp., a special purpose acquisition...
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Media companies look to woo advertisers as spending shifts to digital
Media giants are gearing up to woo advertisers at the annual Upfronts this week. Here's what the media landscape looks like in a moment of disruption.