It looks like Rutgers athletic department hasn't been alone in operating in the red...
"Since The New York Times Co. acquired The Athletic for $550 million in January 2022, the site has had a total operating loss of more than $43 million, even as subscribers have more than doubled to 3.27 million over the same span." "The Athletic lost about $55 million in 2021 before the New York Times acquired the site. " It's never made a profit since it's inception.
The Athletic
"Since The New York Times Co. acquired The Athletic for $550 million in January 2022, the site has had a total operating loss of more than $43 million, even as subscribers have more than doubled to 3.27 million over the same span." "The Athletic lost about $55 million in 2021 before the New York Times acquired the site. " It's never made a profit since it's inception.
The Athletic
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