Glacier Media Reports Sharp Decline in 2023 Revenue

Glacier Media (TSE:GVC) has released an update.

Glacier Media Inc. experienced a significant revenue drop in 2023, reporting a net loss of $99.25 million, compared to the previous year’s loss of $29.55 million. The decline in revenue and EBITDA was attributed to a reduction in demand for print media products, restructuring into joint ventures, and the sale of certain assets. Despite these challenges, the company saw some growth in digital media revenues and consistent performance in environmental and property information operations.

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