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Dotdash Meredith reports losses, ‘rapid pullback’ of ad spending


Des Moines Register: With advertisers pulling back on spending, executives at Dotdash Meredith’s parent company say they won’t hit their revenue targets for the year. In a letter to shareholders, IAC/Interactive Corp. CEO Joey Levin said the New York-based media company, with major operations in Des Moines, has seen a “rapid pullback” in ad spending. Overall, Levin told shareholders last week, Dotdash Meredith’s goal of 15%-20% growth in digital revenue for 2022 is “unlikely.” Dotdash Meredith reported a $27.5 million operating loss for its most recent quarter.

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