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In what is usually a slow quarter for online, Google reported a record $1.6 billion in revenue for the third quarter, nearly double in the same quarter a year ago, and up 14 percent from the second quarter of this year, reports ClickZ (via MarketingVox). Net income increased sevenfold from year-ago profits, reaching $381 million, or $1.31 per share. Revenue from abroad constituted 39 percent of all revenue, up four percent from 3Q04, driven in part by Google’s reseller program in China.
Growing much faster than sites in the AdSense network, Google’s own sites accounted for 56 percent of the quarter’s revenue, or $885 million - 20 percent more than in 2Q05. Network revenues increased 7 percent, to $675 million, or 43 percent of the quarter’s revenue.
Traffic acquisition costs - payments to publishers that carry Google search results and paid listings - grew to $530 million from $494 million in the second quarter, but they decreased as a percentage of ad revenues, from 36.1 percent to 34 percent, because Google made more of its money from its own sites.
CBS Radio and Yahoo, two of the largest online radio providers, are combining their online radio stations, beginning early next year.
CBS Radio’s 150 stations and LaunchCast’s 150 online stations will be integrated into Yahoo’s music site, powered by CBS…
Cox Enterprises, Inc. announced today that the company is bringing together its three media units - Cox Newspapers, Cox Television and Cox Radio - under a new organization named Cox Media Group, Inc., effective January 2009. The subsidiary will be headquartered…
Target is one of the first brands to create an iPhone application. The Target “gift globe” allows iPhone users to shake their phones to launch a snow-fall effect.
When the snow clears, a gift idea from Target is revealed. Users…
ABC is set to launch a slew of new series in a midseason shuffle. Primetime: What Would You Do? returns Tuesday, Jan. 9, in the 10pm time slot. The show is a hidden camera experiment in which actors stage scenarios…
Only 28% of the audience of an average news program, website or magazine gets valuable information about products and services advertised there, making news venues less effective at conveying ad messages than all forms of media combined (see chart), according…
Effective immediately, any telemarketing call that delivers a prerecorded message must include a quick and easy way to opt-out of receiving future calls. The opt-out must work both for consumers who answer these calls in person and for those whose…
