Articles about "Earnings reports"


Publishing businesses contributed to revenue gain at former Washington Post company

Graham Holdings Company Revenue from businesses including Slate, Foreign Policy and the advertising agency SocialCode was up 77 percent at Graham Holdings Company in 2013, the company said in its year-end earnings report. That double-digit revenue rise was "due to growth at SocialCode and Slate and revenue from the Company's recently acquired Celtic Healthcare and Forney businesses," Graham Holdings says. Graham Holdings used to be The Washington Post Co. before it sold its flagship asset to Jeff Bezos last year. Forney makes control systems for combustion processes and Celtic Healthcare is a hospice firm. Revenue from Graham's cable-TV division was up 3 percent for the year and revenue from its TV broadcasting division, which includes stations in Detroit, Houston and Miami, was down 6 percent, with a decrease in political advertising revenue offset in part by higher retransmission fees, the company said. Revenue at the company's education division, which includes Kaplan, was down 1 percent over 2012.
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McClatchy ends year with circulation revenue up

McClatchy Circulation revenue in 2013 was up 5 percent over the previous year, McClatchy said in its fourth-quarter and year-end earnings report. Total advertising revenue was down 6.7 percent across the company's platforms, and down about 9 percent in print. After taxes, McClatchy made $8.2 million on its sale of the Miami Herald's property, the report notes. Compensation expenses were down about 7 percent compared with 2012. Revenue from McClatchy's digital subscription program, called Plus, "provided more than $8.8 million in new revenues in the quarter and $31.4 million in total for all of 2013," the report said. The company says it has 60,300 digital-only subscribers.
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New revenue at Dallas Morning News offsets majority of print-revenue declines

A.H. Belo
At The Dallas Morning News, revenue from new businesses "offset about 60 percent of the core print advertising revenue declines in the fourth quarter and about 70 percent of these declines for the full-year 2013," A.H. Belo CEO Jim Moroney said in the company's fourth-quarter and full-year earnings report Wednesday.

Digital revenue at the Morning News was up 9 percent in 2013, "primarily due to the continued growth in marketing services revenue associated with 508 Digital and Speakeasy," the report says. 508 Digital is an agency set up to sell "digital solutions" to local businesses and Speakeasy is a joint venture with an ad agency intended to "create and manage campaigns for local and national brands."

The company's overall digital revenue was up only 7 percent, though, offset by losses at The Providence Journal, the report says. Overall advertising revenue was down 4 percent for the year, circulation revenue was up 2 percent and printing revenue was up 6 percent.

A.H. Belo sold The (Riverside, Calif.) Press-Enterprise to the owners of the Orange County Register in 2013, and the company is debt-free, the report says. The company "continues to explore" a sale of the Providence paper, the report says.
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Lighted globes mark the loading docks of the New York Times building, Monday Jan. 23, 2005. Newspaper publisher New York Times Co. reports earnings for the fourth quarter on Tuesday, Jan. 24. The Times, which also owns the Boston Globe and International Herald Tribune, said in December it expects fourth-quarter earnings of 45 cents to 47 cents per share, sharply below year-ago profit of 75 cents, due to the difficult advertising environment. (AP Photo/Richard Drew)

New York Times digital subscriptions grew 19% in 2013

The New York Times Company | The New York Times The number of digital subscriptions to New York Times Company products grew from 640,000 at the end of 2012 to 760,000 at the end of 2013, a gain of nearly 19 percent. Revenue from circulation was up about 4 percent over the previous year, the company's year-end earnings report says. Print advertising revenue was down 7 percent for the year, and digital advertising fell a little more than 4 percent over 2012. Over all, advertising revenue was down a little more than 6 percent. Other revenue, which the company says includes "news services/syndication, digital archives, rental income and conferences/events," dropped 2.5 percent. In the fourth quarter of 2013, circulation revenue was down about 4 percent and ad revenue was down about 6 percent. (more...)
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In this July 14, 2010 file photo, the sign for Gannett headquarters is displayed in McLean, Va. Gannett said Thursday, June 13, 2013, it reached a deal to buy TV station owner Belo for about $1.5 billion in cash, significantly boosting its presence in broadcasting. (AP Photo/Jacquelyn Martin, file)

Gannett earnings report hints at a coming problem with paywalls

By virtue of tough expense control and the acquisition of Belo Corp. TV stations, Gannett reported decent fourth quarter and full-year financial results yesterday. Its share price was off .06 percent for the day.

But the report included some … Read more

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Nontraditional sources of revenue rise at McClatchy

McClatchy Revenue from digital advertising and direct marketing now account for about 40 percent of McClatchy's advertising revenue, the company said in its third quarter earnings report Thursday. Overall, revenues were down 4.2 percent. Advertising revenue fell 8 percent, but circulation revenue rose 6.5 percent over the same period in 2012. The company attributes the gain to its paywall plan, called the Plus Program, which it said is "exceeding expectations." In a statement accompanying the earnings release, McClatchy CEO Pat Talamantes said, "We now expect the program to generate between $27 million and $30 million in new revenues in 2013." Audience grew at the company's websites despite the paywalls, McClatchy says.
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Publishing, broadcasting revenues down at Gannett

Gannett Revenues were down in most of Gannett's segments in the third quarter of 2013, according to the company's new earnings report.

Advertising revenue at Gannett's publishing properties fell 5.9 percent compared with the same period the year before. Circulation revenue was a little less than flat, down 0.6 percent from the third quarter of 2012. And broadcasting revenue was down 14.2 percent, a dip the company says "reflects the absence of Olympic and political spending partially offset by significant growth in retransmission revenue and digital revenue growth of 20.7 percent." Retransmission revenue is what cable operations pay local TV stations to carry their programs.

Revenue from the company's digital operations overall was up 12 percent. The company attributes that to the "continued impact of the All Access Content Subscription Model in addition to higher digital advertising and digital marketing services revenue."

All Gannett's U.S. newspapers except USA Today have paywalls in place. Digital revenues at Gannett's publishing properties were up nearly 21 percent in the third quarter, "reflecting growth associated with the All Access Content Subscription Model as well as digital advertising and marketing solutions."

USA Today has been exploring the idea of a paywall, but "No plan exists" for one, its president, Larry Kramer, told Poynter last month.

Year-to-date, publishing advertising revenue is down 5.4 percent, circulation revenue is up 4.6 percent, broadcasting revenue is down about 2 percent and digital revenue is up 4 percent over the first 39 weeks of 2012.
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Media General reports net loss, CNN has higher ratings

Media General | TVNewsCheck | Los Angeles Times
Media General reported a net loss of $16 million in the second quarter of 2013, but revenues grew in several advertising categories, including automotive, furniture and home improvement.

Revenue from political advertising fell 86 percent, not exactly a surprise in an odd-numbered year. Also missing this year: Olympics revenue. "Total station revenues in the third quarter this year will decrease due to the near absence of these revenues," the company says in its earnings release.

The company spent $19.5 million on interest in the second quarter. Retransmission fees increased, as did digital revenue.

Time Warner announced its second quarter earnings Wednesday, reporting a 10 percent rise in revenue. CNN's ratings were up "almost 70 percent in its key demo," the company's release says.
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Revenues rise at AOL, 21st Century Fox

AOL | The Wall Street Journal | 21st Century Fox | The New York Times
AOL is buying the video advertising platform Adap.tv, it announced in its second-quarter earnings report Wednesday. The acquisition "will make AOL a clear global leader in the most important growth segment in our industry -- online video,” AOL CEO Tim Armstrong said in a statement. Advertising revenue at AOL was up 7 percent over the second quarter of 2012.

Revenue at AOL's Brand Group, which includes content properties like The Huffington Post and Patch, was up 10 percent over the second quarter. The report does not break out financial information on individual properties. Unique visitors were up 3 percent at AOL properties, the company says:



21st Century Fox, which includes the cable-TV and television businesses once part of News Corp., reported a 16 percent increase in revenue over the fourth quarter of 2012. "Cable, as always, drove the company’s growth," Brian Stelter writes in The New York Times.
Subscriber fees rose 9 percent in the United States for channels like Fox News, FX and National Geographic. As is the norm for major media companies these days, growth was much more pronounced overseas. That was true for advertising sales, too: sales were up 4 percent in the United States and up 20 percent internationally.
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Washington Post Co.’s newspaper division posts another loss, but online revenue is up

The Washington Post Company | The Washington Post
The Washington Post's newspaper division posted an operating loss of $49.3 million in the first six months of 2013, the company says in its second-quarter earnings report. In the first six months of 2012, the newspaper division lost $33.2 million.

Those declines were fed by revenue declines but were "largely due to an accounting provision for pensions and early retirement expenses," Steven Mufson writes. That provision also contributed to a $34.5 million operating loss the newspaper division reported in its first quarter results.

Print advertising revenue was down 4 percent over the second quarter of 2012, but revenue from online publishing was up 15 percent. Revenue from online display advertising was up 25 percent in the second quarter, 21 percent for the first six months of the year. (more...)
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