Andrew Beaujon
May 3, 2013
9:08 am
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Andrew Beaujon
Apr. 25, 2013
9:43 am
The McClatchy Company
Circulation revenues rose 1.6 percent at McClatchy's properties in the first quarter of 2013. Advertising revenue was down 6 percent. Overall, revenues were down 4 percent over the first quarter of 2012.
The company's digital subscription program "continues to exceed our expectations," McClatchy President and CEO Pat Talamantes said in the earnings release.
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Andrew Beaujon
Apr. 25, 2013
8:52 am
The New York Times Co. |
The New York Times Co. |
The New York Times
The New York Times Co.
unveiled "a series of strategic initiatives" Thursday morning concurrent with its first-quarter earnings report.
Among the planned initiatives are the next phase in The Times’s digital subscription/paid products strategy; an international expansion under the new unified brand; and a renewed emphasis on both video production and brand extensions.
Among the new products, to be introduced at the end of this year and the start of 2014: a "lower-priced paid product designed to allow access to The Times’s most important and interesting stories" and an "enhanced tier that would offer extras at a higher price point to 'all digital access' and print subscribers."
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Andrew Beaujon
Apr. 23, 2013
9:13 am
Gannett Company, Inc.
Gannett's publishing division reported higher circulation revenue in the first quarter of 2013, but those gains were thwarted by lower advertising revenues. Gannett's broadcast and digital businesses both reported revenue gains.
The circulation revenue rise, however, kept revenue at the publishing division essentially flat -- it declined .3 percent over the first quarter of 2012. Circulation revenues grew 8.6 overall and 14.5 percent at Gannett's local properties, the earnings report says. Advertising revenue was down 4.5 percent at Gannett's publishing businesses.
Digital revenues in publishing rose 75.5 percent, "reflecting the all access content subscription model as well as growth in digital advertising and marketing solutions revenue. Digital revenues at local domestic publishing operations were 98.4 percent higher, while at USA TODAY and its associated businesses they were up 9.1 percent."
All of Gannett's newspapers except USA Today now offer metered access to their online content.
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Andrew Beaujon
Feb. 26, 2013
9:18 am
The E.W. Scripps Company
Political advertising revenue at Scripps' television stations in the fourth quarter of 2012 was "
higher than the full-year political total reported in any previous year," the company said in an earnings report Tuesday. Local and national advertising revenue was up as well; local advertising brought in nearly as much as political ads did. All that cash led to a dramatic gain in segment profit for
Scripps' stations in the fourth quarter: "$65.3 million, compared with $23.2 million in the year-ago period," the release said.
At
Scripps' newspapers, which include The Commercial Appeal and the Knoxville News Sentinel, circulation and print-ad revenue were down, and digital revenue scratched a small gain.
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Andrew Beaujon
Feb. 22, 2013
8:56 am
The Washington Post Co. |
The Washington Post
Revenue at the Washington Post Co.'s newspaper operations was down 7 percent over 2011, the company said in a release of its fourth-quarter and year-end earnings Friday. Revenue from print advertising was down
12 percent in the fourth quarter and 14 percent for the year. Online revenue was up, with a 6 percent increase in online display ad revenue over 2011. Daily circulation went down nearly 9 percent over the previous year, and Sunday circulation was down about 6 percent: "average daily circulation at The Washington Post totaled 471,800 and average Sunday circulation totaled 687,200," the release said. The release does not break out circulation revenue.
The Post's newspaper division had an operating loss of "$53.7 million in 2012, compared to an operating loss of $21.2 million in 2011," the release said.
The company's education division, which was hit hard by a federal investigation into for-profit colleges such as the ones in its Kaplan division, had a 6 percent decline in revenue in the fourth quarter and a 10 percent loss over 2011. Revenue at the Post Co.'s cable TV division was up 4 percent over 2011.
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Andrew Beaujon
Feb. 7, 2013
9:44 am
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Andrew Beaujon
Feb. 7, 2013
8:45 am
The New York Times Co. | The New York Times
Advertising revenue was down and circulation revenue was up at the New York Times company in the fourth quarter of 2012. The company announced its fourth-quarter and full-year earnings Thursday. Its digital businesses are adding customers, with 668,000 paid digital subscribers company-wide.
Paid subscribers to The New York Times and the International Herald Tribune digital subscription packages, e-readers and replica editions totaled approximately 640,000 as of the end of the fourth quarter of 2012, an increase of approximately 13 percent since the end of the third quarter of 2012. Paid digital subscribers to BostonGlobe.com and The Boston Globe’s e-readers and replica editions totaled approximately 28,000 as of the end of the fourth quarter of 2012, up approximately 8 percent since the end of the third quarter of 2012.
Advertising revenue was down 3.1 percent over the same period in the previous year. Circulation revenue was up 16 percent.
The trajectory of both revenue streams means, "The past year marked the first time that circulation revenue surpassed advertising revenue," the Times reported. "Circulation revenue grew by 10.4 percent, to $952.9 million, mainly from the growth in digital subscriptions and the rise in print circulation prices. Advertising for the year declined 5.9 percent, to $898.1 million."
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Andrew Beaujon
Feb. 4, 2013
9:06 am
Gannett
Gannett's fourth quarter earning report contains a sentence that will thrill paywall apostles:
Significantly higher circulation revenue in the Publishing segment resulting from the positive impact of the all access content subscription model more than offset a decline in advertising revenues.
That's attributed to CEO Gracia Martore, who also notes circulation revenue increased for the third quarter in a row. Total digital revenue represented 25 percent of the company's total revenues, she says in the release.
Gannett last February announced a plan to
install paywalls at all its newspapers except USA Today.
Publishing advertising in the fourth quarter of 2012 was down 2 percent over the same period the year before. Circulation revenues were up nearly 17 percent. Digital revenues were up 3.2 percent. And broadcasting revenues were up 43.9 percent. Over all, revenues were up 9.4 percent over the fourth quarter of last year.
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Andrew Beaujon
Oct. 25, 2012
8:53 am
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