The online publishing business is profitable. While it has not yet posted its full fourth quarter earnings, Bloomberg News reported that Amazon had generated $6.3 billion in revenue during the period—a substantial increase over a year ago when there were only roughly half as much print ads on Amazon’s site. “There was an incredible level of media attention and buzz around this announcement,” says Michael Tofelman at Strategy Analytics, who recently analyzed sales data for 300 magazines including Vanity Fair, Esquire (at one point), Vogue Daily —and The Washington Post himself. When someone like him asks what will drive demand going forward for his paper’s latest issue or book offerings? He can see why publishers might decide that even with all their capital.
While it has not yet posted its full fourth quarter earnings, the company said in a statement: “Amazon Web Services (AWS) continued to build out and expand our portfolio of cloud-based services for content delivery.” . ‘ It’s really just me working from home right now,’ says Jon Broussard.