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McClatchy’s advertising revenue fell 5.3 percent and circulation revenue dropped 3.6 percent in the first quarter.
Overall, profit fell in the quarter because of a slump in classified advertising, writes The New York Times.
National advertising, hurt by losses in telecommunications and national automotive categories, fell 10.4 percent, according to the company.
A loss from discontinued operations of $5.5 million reflects the results of the Minneapolis Star Tribune newspaper which was sold in March. The company’s total net income for the 2007 quarter was $9.0 million compared to total net income of $27.7 million in Q1 06. The acquisition of Knight Ridder in 2006 negatively impacted earnings per share for the 2007 quarter.
Volvo will become the first automaker to offer HD Radio as standard equipment in all but one of its 2009 models. The running change becomes effective next month on the 2009 Volvo model lineup.
“Our drivers expect the highest quality…
The current issue of Cottage Living will be its last. Time Inc., in the midst of a major restructuring, is closing the books on the title.
The magazine had a solid start four years ago and managed to boost circulation…
Samsung Mobile has extended its branding campaign that has seen charging stations being installed at major airports across the country.
115 new charging stations have been installed throughout George Bush Intercontinental Airport in Houston, Miami International Airport, and Washington Dulles…
China Central Television, China’s top TV network, brought in 9.26 billion yuan, or $1.36 billion, during the live auction that is its version of the upfront earlier this week.
That’s a 15% increase in revenue over last year, though the…
Some 20% of top brand marketers continue to send additional emails to consumers, even after they confirm requests from those consumers to “unsubscribe” from an email marketing list, according to a research study from Return Path, MarketingCharts writes.
Though the study,…
An overwhelming majority of mothers in America (90%) saw the economy getting weaker even before the collapse on Wall Street, and more of them now (40%) feel stressed about their current family life than feel good about the way things…
