Yet our members have seen next to no financial benefit from their vital contributions to this success. 'Wirecutter continues to bring in record revenue for the Times, which is sitting on over $1 billion in cash. The union says The Times has 'slow-walked' negotiations, which have dragged on for two years. Wirecutter's strike is the latest in a string of walkouts and protests by workers at more than two dozen companies who are demanding everything from higher wages to safer working conditions. It also wants a boost to guaranteed annual raises. The Wirecutter Union, part of the NewsGuild of New York, is seeking a $300,000 increase to minimum salaries for its 65-person unit, all of whom are participating in the strike. Wirecutter's staff walked off the job amid a standoff with management about the terms of their contract, the union said in a Tuesday tweet. It's the site's most profitable time of the year, a union organizer told The Wall Street Journal. Unionized employees at Wirecutter said they plan to strike from Thanksgiving through Cyber Monday, a five-day period when millions of Americans spend billions of dollars on holiday shopping. The app currently features long-form journalism read by professional narrators from more than two dozen publications.Staff at the New York Times' product-recommendation site have gone on strike ahead of some of the busiest shopping days of the year. The newspaper is also working on a standalone product for Audm, the audio startup it acquired. The newspaper’s executives recently noted that losses in revenue from its television series The Weekly and live events in 2020 were partially offset by higher Wirecutter referral revenue.

Now, The New York Times is telling investors they’re working on a break-out digital subscription, to join existing offerings like Cooking and Games.ĭespite the occasional dustup over a recommendation, Wirecutter revenue has only grown in the years since The New York Times purchased the site for more than $30 million in 2016. Recent reviews have picked the very best dash cams and oat milk and, uh, laundry baskets. Currently, the newspaper earns affiliate revenue when a reader purchases a product reviewed on Wirecutter. The New York Times is working on building a subscription product for its consumer reviews site Wirecutter.

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