How the World’s Biggest Media Companies Fared Through the Ongoing Crisis in Q2

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Media owners with diversified revenue lines were best-positioned to weather the coronavirus crisis as it continued into the summer.

Earnings reports for the June quarter reveal the extent to which the advertising market plummeted — with many media owners reporting double-digit revenue declines. Meanwhile, subscription businesses saw an uptick as consumers sought out original news and streaming content. The macroeconomic environment is anything but predictable at the moment, but most media owners began reporting a rebound in revenue in July.

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