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Netflix subscribers jump despite price hikes
Netflix subscribers jump despite price hikes
by  AFP

Netflix subscription numbers rocketed more than 13 million in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service. Netflix finished 2023 with slightly more than 260 million subscribers worldwide, with a profit of $938 million in the final quarter versus just $55 million in the same period a year earlier.

LA Times slashes a fifth of its newsroom jobs
LA Times slashes a fifth of its newsroom jobs
by  AFP

The Los Angeles Times announced Tuesday it is laying off more than a fifth of its journalists, as yet another once-storied US paper fell victim to the disruptions of the internet age. Unionized journalists at the Times walked off the job last week when reports first emerged that managers were considering drastic cuts.

Conde Nast staff stage walkout against layoffs
Conde Nast staff stage walkout against layoffs
by  AFP

Hundreds of unionized staffers at Conde Nast, the parent company behind legacy publications including Vogue and Vanity Fair, walked out Tuesday in protest of looming layoffs. The union urged people not to cross the digital picket line by refraining from visiting Conde Nast sites, which also include GQ, Bon Appetit, Glamour, Architectural Digest and Teen Vogue.

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