Date

Fri - 28.04.2017


revenues

Pearson has just published its end-of-year results, and in a tough economic climate they're impressively strong. The company, which counts the FT Group, Penguin, Pearson Education and a 50% stake in the Economist Group among its many holdings, has reported a 12% increase in its adjusted operating profit, with a 27% growth in profits for the FT Group.

Part of this success is due to the FT Group reducing its dependence on volatile advertising markets, and relying more heavily on digital, subscription and content revenues.

Overall, the FT Group is now making more money from its content, and less from advertising. In 2007, the group drew 41% of its total revenues from content, 59% from ads. Now the balance is 58% from content, 42% from ads.

What's more, according to the report, money from digital and services now account for 47% of the FT Group's revenues, compared to just 25% in 2007.

Author

Hannah Vinter

Date

2012-02-27 13:07

Newspapers in Britain depend on advertising too much, which has been a large factor in closures and layoffs in recent years, according to a new book, commissioned by the Oxford-based Reuters Institute for the Study of Journalism, MediaGuardian reported.

At the same time, the Internet may not be as responsible for lower profitability - online usage and profitability can and do work hand-in-hand in may places, the work claims.

For example, in Germany and across Scandinavia, where Internet usage is high, newspapers are doing well, and generally 50 percent of revenues come from advertising. However, in Britain and the United States, where advertisings makes up a larger slice of revenues, profitability is lower. This could be largely due to a cyclical advertising recession in recent years, according to the study.

Author

Leah McBride Mensching

Date

2010-11-23 17:49

McClatchy Co. reported an 83 percent profit decline in the second quarter as the company suffered from both advertising and circulation downturn, Reuters reported.

Net income dropped to $7.3 million, or 9 cents a share, from $42.2 million, or 50 cents a share, year-over-year. Revenue fell to $342 million from $365.3 million, the Associated Press reported.

Advertising revenue dropped about 8.2 percent to $260.5 million. Circulation revenue declined 2.4 percent.

Just like many other players in the industry, the economic slowdown has drained ad revenues and pushed them to restructure to cut costs by slashing jobs. The industry has also been trying to transfer the traditional readers online. Circulation at McClatchy slipped 2.4 percent, compared to the same period last year, the Wall Street Journal reported.

According to Chief Executive Gary Pruitt in a statement, advertising revenue would be down again in the third quarter, but the drop would be less severe, Reuter reported.

Author

Erina Lin

Date

2010-07-29 21:56

For the first time since the end of 2007, magazine ad pages and revenues in the United States rose in the second quarter of this year, min online reported today, citing information from the Publishers Information Bureau.

Rate card revenue for the second quarter increased 5.7 percent over the same period in 2009, reaching $5.2 billion. Meanwhile, ad pages were up 0.8 percent, to 43,427.11, according to the report.

Photo: Gizmodo
Last year, just 18 consumer magazines grew their ad pages, but in just the second quarter this year, 130 titles did so. This upward trend is partly due to the returning popularity of celebrity magazines, in which all but one category reported double-digit page increases, Folio noted.

However, magazines still have a ways to go, and recovery will not be instant, The Associated Press pointed out, citing the 26 percent fall in ad pages last year.

Author

Leah McBride Mensching

Date

2010-07-14 00:32

Newspapers in developed nations are generally facing steeper declines in advertising revenues, titles and circulations than their counterparts in more developing countries, a new report from the Organisation for Economic Co-operation and Development shows.

The Paris-based think tank said overall, however, the industry is finding new sources of revenue, while publishers in developing countries are continuing to grow their readership numbers, Canwest News service reported today. The report, "The Future of News and the Internet," examines the news business in 31 OECD member countries.

Chart: OECD (click on chart to enlarge)
In some of these countries, more than 50 percent read newspapers online (in Korea that number is 77 percent), but at the very least, 20 percent read online newspapers, the report states. However, willingness to pay for news online "remains low." And the share of people getting their news from online-only sources is expected to "grow rapidly with new generations who start using the Internet early in life. The real concern is that a significant proportion of young people are not reading conventional news at all."

Author

Leah McBride Mensching

Date

2010-06-14 19:52

U.S. newspapers continue to receive better financial news.

Moody's Investor Services on Friday announced industry earnings are improving, prompting the firm to change its outlook for the U.S. newspaper industry from "negative" to "stable." Moody's said the change reflects expectations that advertising revenue will recover over the next 12 to 18 months, but still expects ad sales to decline 5 to 10 percent this year. Ad revenue should be closer to flat at the end of the year and around a 3 to 2 percent decline in 2011, according to the announcement.

"Newspapers will benefit from the recovery in national advertising as well as broad based improvement in advertising across most categories that is expected to accompany a decline in the unemployment rate and recovery in consumer spending," the report states.

The investment firm also stated it expects furloughs, incentive compensation and other temporary cost-cutting measures will be reversed as revenues improve. The majority of costs that have already been cut, though, will likely remain permanent.

Last week, JP Morgan said U.S. newspaper likely did better than expected during the first quarter of 2010.

Gannett Co. also announced last week that cost-cutting measures and improved ad sales boosted first-quarter earnings, according to The Associated Press.

Author

Leah McBride Mensching

Date

2010-04-19 21:24

The BBC will publish a report this month that will explain why privatising the news outlet could cause the United Kingdom to lose £4 billion, according figures from accountancy firm Deloitte, The Telegraph reported Sunday. The move aims to fight back at criticism that the corporation is a "drain on the licence feepayer," according to The Guardian.

The BBC makes about £7.6 billion per year for the British economy, and without the corporation, independent TV and radio production companies would also lose £1.4 billion, according to the report. Ventures like the BBC's Freeview service has created a sub-industry that's worth around £90 million to £250 yearly, the report is also expected to argue.
"The value that the BBC brings is often overlooked and by providing this evidence, [the report] shows the positive effect the license fee has on the economy around the UK. We are reviewing our strategy to reinforce our core public service mission and focus on delivering quality programmes,"a BBC spokesman said, according to the Telegraph.

Author

Alisa Zykova

Date

2010-01-06 16:42

Revenues dipped sharply even as circulation remained stable for the FP Newspapers Limited Partnership, The Winnipeg Free Press reported today. The FP Newspapers Income Fund owns 49 percent of the publishing house which produces the Winnipeg Free Press and the Brandon Sun dailies as well as six weeklies under the umbrella of Canstar Community News, Street Insider today reported.

The media group declared a dividend of 9.5 cents per share for shareholders of record on October 30, according to an article on October 20 by Earth Times. The distribution will be paid on November 27.

Author

Leah McBride Mensching

Date

2009-11-06 17:08

Telecom market revenues in most countries were on the rise from 2004 to 2007, according to data from Ofcom.

In Europe, Germany leads with the highest telecom market revenues among the four countries surveyed. However, its revenues dropped a little from £31.5 billion in 2004 to £30.4 billion in 2007, as both fixed line and mobile were down, SFN's World Digital Media Trends 2009 reported.

The United Kingdom was second, with telecom market revenues up from £23.8 billion in 2004 to £26.9 billion in 2007.

France and Italy also marked increases in revenue, from £21.7 billion and £19.3 billion in 2004 to £24.3 billion and £20.5 billion in 2007, respectively.

In North America, U.S. telecom market revenues grew from £116.3 billion to £133 billion, while in Canada the market rose from £11.9 billion to £14.2 billion, according to Ofcom.

In Japan, one of the world's most pioneering telecom markets, revenues were up a little from £49.5 billion in 2004 to £50.4 billion in 2007, according to the report, World Digital Media Trends 2009, released by SFN and the World Association of Newspapers and News Publishers.

Author

Erina Lin

Date

2009-10-28 18:43

Gannett Co., Inc.'s (NYSE: GCI) Board of Directors today announced that a dividend of
4 cents per share would be paid on January 4, 2010 to shareholders of record as of
the close of business on December 11, 2009, Reuters reported today.

Gannett reported consolidated 3Q revenues of US$1.34 billion, down 18 percent from a year ago but exceeding the company's forecast of $1.32 billion, TVB reported today. Net income was $73.8 million versus $158.1 million for 3Q08. The company declared 4 cent dividends in April and July as well. Gannett publishes 84 U.S. dailies, including USA Today, according to Business Wire.

Author

Leah McBride Mensching

Date

2009-10-28 17:35

Syndicate content

© 2015 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation