Date

Thu - 21.09.2017


revenue

As Shakespeare might have said, the course of transferring to a digital revenue model never did run smooth...

A report published today by Pew Research Center's Project for Excellence in Journalism highlights the difficulties that many US news organisations are having in adapting their business models to the digital age.

The report states that for every dollar that papers gain from increased digital ad revenue, they lose seven from decreased print ad sales. "In general," asserts Pew, "the shift to replace losses in print ad revenue with new digital revenue is taking longer and proving more difficult than executives want."

The report was based on data from 38 newspapers from across six US media companies, as well as on interviews conducted with the company executives in 2011. This year, Pew also carried out follow-up interviews with executives from the original six media groups, as well as talks with management figures at an additional seven companies. The 13 firms who participated in the study in some way represented a total of 330 daily papers - a pretty comprehensive sample.

Author

Hannah Vinter

Date

2012-03-05 16:20

Have we reached a turning point in digital growth? Paid Content reported today that the London-based international media group Future PLC managed to offset the decline in its print revenues in the UK with a rise in digital earnings.

The company has just published its Interim Management Statement, analysing its performance between 1 October and 31 December 2011. In the UK, where Future PLC has 75% of its business, digital circulation and ad revenues increased by 51% - enough to make up for a decline in print revenue. The company sees this development as "an important milestone in the evolution of the business".

However, Future PLC also notes that in the UK revenues did decline by 2%, but states that this was "chiefly as a result of the loss of a customer publishing contract".

In the US, revenue fell by 20%, as the company "anticipated", due to shinking print revenues and the closure of some publications. However, digital revenues rose by 24%, and the company claims that the growth in this area, along with cost-cutting measures and the sale of some US properties, should allow it to become profitable in the US again by 2013.

Author

Hannah Vinter

Date

2012-02-08 12:57

Postmedia Network Inc, which bought Canwest's newspaper division in July for US$1.1 billion, reported a 23 percent increase in the fourth quarter of the fiscal year that ended up on August 31, the Calgary Herald revealed Monday. Revenue totalled C$241.3 million, 1.5 percent higher than the C$237.7 million reported by Canwest in 2009.

The growth was led by a 7 percent increase in digital revenue and a 2 percent in print advertising, the company explained in a press release. However, it reported losses of C$44.6 millions.

Postmedia CEO Paul Godfrey said the company will remain privately owned until the half of 2011. Photo: the National Post

The results included both Canwest and Postmedia's financials, as the media group bought the 11 national dailies and 35 community newspapers six weeks before the end of the fiscal year, The Globe and Mail pointed out.

Author

Clara Mart

Date

2010-11-17 21:48

German media group Bertelsmann AG announced today it earned €259 million in the first nine months of the year, thanks to cost-cutting and a recovering advertising market, The Canadian Press reported.

Last year in the period January to September, the privately held company reported losses of €205 million. Revenue, meanwhile, was up 3.5 percent, from €10.64 billion to €11.01 billion. Before taxes and interest, earnings reached €1.02 billion, compared to €424 million last year, Reuters noted.

Image: Apple

Bertelsmann, which owns book publishing (Random House), magazine publishing (Gruner + Jahr), television (RTL Group), media services (Arvato) and more, in more than 50 countries, expects group results for the full fiscal year 2010 to reach more than €500 million, according to Authorlink.

In the United States, United Kingdom and Germany, its Random House e-book sales were up about 300 percent in the first six months of the year, and its e-book titles available in those countries also increased to 20,000 titles. However, Random House closed its publishing sectors in Korea and Japan.

Author

Leah McBride Mensching

Date

2010-11-11 23:57

Amazon announced on Monday that it would give publishers as much as 70 percent of the revenues it collects from selling newspapers and magazines through its Kindle store, The New York Times reported.

The royalty increase will take effect on December 1 and will be calculated on the retail price minus the delivery costs, The Associated Press reported. However, to qualify for it, "publications must be able to be read on all Kindle devices and applications built for devices such as Apple's iPhone and the Blackberry," Agence France-Presse explained.

Image: Pulse 2

"A newspaper that delivers about 9 megabytes of content a month would pay about $1.35 in delivery costs, meaning a $9.99-per-month subscription would net a publisher $6.05 a month per subscription," according to the company, the AP reported.

Author

Clara Mart

Date

2010-11-09 17:16

Italian media group Gruppo Editoriale L'Espresso reported a net profit of €36.3 million in the first nine months of 2010, up from €1.2 million gained last year, Reuters revealed today.

The company, which owns national daily La Repubblica and 17 local publications, said it "improved profitability by cutting costs at its newspapers and generating more revenue from radio and its Internet websites," The Wall Street Journal informed. The growth is expected to continue through the year.

Overall revenues slightly declined from €640.9 million to €639,5 million due to a decrease in circulation. However, advertising revenue grew by 7.1 percent to €369.3, mostly due to a 21.7 percent increase in Internet ads, La Repubblica reported.

According to the company's press release, Repubblica.it has 1.5 million users, which represents a 25 percent growth since 2009. The group also reported good results for its national daily, as it sales remained stable (+0.1 percent) and average daily readership reached 3.3 million (1.9 percent).

Author

Clara Mart

Date

2010-10-20 17:57

Google announced a 32 percent increase in net income during the third quarter of the fiscal year, reaching US$2.17 billion, Market Watch revealed today.

"It's clear the digital economy continues to grow rapidly, a relentless trend that continues to drive continued growth in our core business ... and also fuel our momentum in our newer businesses," said Patrick Pichette (left), Google's chief financial officer, Investors.com wrote."We saw strength in every major product area in Q3 -- that is search, display, mobile -- as well as apps and enterprise. And when I say our newer businesses are seeing great momentum, I really mean it."

Image: Financial Post

The same time last year, Google reported a net income of $1.64 billion, according to Market Watch. Meanwhile, revenues hiked up by 23 percent from $5.94 billion to $7.29 billion year-on-year, Economic Times informed.

Author

Alisa Zykova

Date

2010-10-15 21:58

Shares of Gannett Co. Inc plunged 8.02 percent today to $12.96, after its quarterly revenue fell short of expectations for the biggest U.S. newspaper chain, AFP reported.

The company's net profit in the third quarter was up 37.5 percent to $101.4 million compared to the same period a year ago.

Revenue, however, remained flat at $1.31 billion, which was short of the Wall Street expectation's $1.32 billion.

The publishing unit had its revenue down almost 5 percent to $969.4 million, including a 5-percent decline in advertising revenue to $646.7 million, Reuters reported.

Broadcasting revenue, on the other hand, gained 22.3 percent to $185.3 million, with digital revenue up 10.2 percent to $157.7 million.

Author

Erina Lin

Date

2010-10-15 21:51

As publishers struggle to create new business models, Spanish newspapers saw their revenue go down in 2009 to €2.048 million, 14.1 percent less than the €2.357 million gained in 2008, according to 2010 Digital Content Industry Report published by Asimelec, PRNoticias.com revealed today.

The highest decline was reported on ad revenue, which declined 24 percent from €1.112 million to €834 million. Although newspaper sales went down by 5.6 percent, the loss was offset by an increase in the cover price, the report explained. However, an increase of 4.2 percent in online advertising generated revenues of €297.7 million.

For the first time since 2003, newspaper penetration in Spain is below 40 percent. According to the report, the number of readers declined from 16.1 million in 2008 to 15.7 in 2009.

The newspapers market was not the only one to suffer losses. The survey showed that, for the first time in five years, cable television reported revenues declines because of the increase of online television, AND.es revealed. Overall, el 25.2 percent of the Spanish population watches TV contents on the web.

Author

Clara Mart

Date

2010-10-05 19:31

The New York Times Co. said yesterday that its revenue is expected to decline by two or three percent due to loss of advertising in its print publications, MediaGuardian revealed.

Although the company forecast a growth in digital ad sales, these gains will not be enough to offset the print advertising losses. Furthermore, it expecting a revenue decline of 5 percent in subscription and newsstand sales, The Associated Press explained.

Photo source: Topnews.net.nz
Chief Executive Janet Robinson recognised that the price increases of The New York Times and the Boston Globe had affected the company. According to the Audit Bureau of Circulations, the weekly circulation of The New York Times went down in March by 8.5 percent, The Wall Street Jounal pointed out.

The publisher, which also owns the International Herald Tribune and other 15 regional newspapers, was initially expecting revenue of US$563.8 million. After the announcement, the company shares fell 52 cents to $7.45, the AP reported.

Author

Clara Mart

Date

2010-09-23 23:07

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