For news companies that are mostly reliant on advertising and subscription revenue, developing an entirely different line of business is attractive. The Post expects Arc to generate over $200 million in annual recurring revenue by 2027, a roughly fourfold increase over its contribution now, according to a document reviewed by The Wall Street Journal. The business isn’t profitable, so far.
Source: WSJ News Exclusive | Washington Post Considers Selling Tech Business It Built Up on Jeff Bezos’s Watch
