Digital Revenue Growth
Total digital revenue grew by 4% year-over-year on a same-store basis. Digital subscription revenue continued to lead with a 20% year-over-year growth.
Innovative AI Product Launch
Launched a suite of AI products, including A.I. Enablement, aimed at providing local businesses with advanced tools for thriving in a competitive environment.
Cost Reduction and Efficiency
Executed approximately $40 million in annualized cost reductions in the second quarter, aimed at driving margin growth and lowering costs, particularly in print.
Asset Monetization
Closed over $6 million in asset sales year-to-date, with an additional $25 million to monetize, which will improve liquidity and facilitate debt repayment.
Support from Berkshire Hathaway
Berkshire Hathaway waived interest and basic rent payments for March, April, and May to provide short-term liquidity after the cyber incident.