Glacier Media (TSE:GVC) has released an update.
Glacier Media Inc. reported a decrease in revenue to $34.8 million and a narrowed EBITDA loss to $0.3 million for Q1 2024, demonstrating progress in the company’s transformation and focus on core digital and information businesses. Despite economic uncertainties leading to reduced capital expenditures, Glacier Media is streamlining operations, with improved cash flows from remaining print media assets and investments in technology where it sees potential for growth.
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