https://www.nytimes.com/2024/11/04/business/media/new-york-t...
> The company’s adjusted operating profit for the quarter, which ran from July through September, rose 16.1 percent to $104.2 million, from $89.8 million a year before. Overall revenue increased 7 percent to $640.2 million, compared with the same period in 2023.
https://www.nytimes.com/2024/08/07/business/media/new-york-t...
> The company’s adjusted operating profit for the quarter, from April through June, rose to $104.7 million from $92.2 million a year before. Overall revenue increased 5.8 percent, to $625.1 million, compared with the same period in 2023.
A $40k wage gap between tech and journalism it'd be nice to close.
That's gonna be one difficult negotiation.
Even quadrupling the $18k per employee, you're still trying to get a $40k raise from an organisation with a profit of $72k per employee. That's going to be tough.
Far tougher than moving to a different job at a company with more money.
Net income seems to be healthy, too. https://www.washingtonpost.com/business/2024/11/04/earns-new...
When I was much younger, a few years out of high school, I ended up being the last developer on a sinking ship, and had asked for a pay raise to get me up to where the highest paid of the employees who had left were, IIRC that was around $5/hr, and was denied. I should have used that as an RGE, but instead just hung on until around a year later when a job fell into my lap. But the employer would have been hurting if I left, and was definitely more expensive for them to lose me than it would have to keep me. But in the end, the parent company folded a couple years later because of a very, very bad bet they made.
Print newspapers are essentially dead. Online news? Barely anyone pays for that. Online with ads? Reddit/twitter/facebook/youtube pay zero dollars for the content they put ads on.
If you're in tech and you want to maximise your salary - a company's gotta have money before they can give it to you. And newspapers don't have money.