Journal Communications Revs Slip 8.9%
Journal Communications, Inc. was struck hard by weakness in retail and classified advertising revenue at the Milwaukee Journal Sentinel, and by a decline in local radio advertising.
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Journal Communications, Inc. was struck hard by weakness in retail and classified advertising revenue at the Milwaukee Journal Sentinel, and by a decline in local radio advertising.
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Following a week of relentless rumors that Katie Couric will be leaving her position as anchor of the CBS Evening News after the presidential inauguration, ratings for the news show has hit another all-time low.
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NHL hockey fans will continue to be able to watch the Sunday Game of the Week on NBC through the end of the regular season, as well as playoffs coverage and games four, five and seven of the Stanley Cup finals.
After announcing a better-than-expected 9 percent rise in revenues for the first quarter, Jerry Yang, co-founder of Yahoo, said yesterday that he is still open to “any and all alternatives including a sale to Microsoft.”
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McClatchy lost $849,000, or a penny a share, in Q1 compared to the same quarter last year, due to the weak economy and a continuing loss of advertising to the internet.
Kick-ass “terminators” - one of them in the form of a shapely, though unsmiling, young woman - proved popular this season, and the show based on the popular movies has been renewed.
eBay has sued Craigslist, saying that eBay’s stake in the classifieds site has been unfairly diluted by more than 10 percent.
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It’s becoming a mantra: slips in retail, automotive and telecommunications advertising is wreaking havoc with financial results of many media companies.
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The Home Depot has named a new chief marketing officer, six months after Roger Adams left the position. Frank Bifulco, the new senior vp and CMO, has worked in the packaged goods and retail arenas for 30 years.
As out-of-home video networks continue to expand, the Out-of-Home Video Advertising Bureau has announced three new members: Arena Media Networks, CBS Outernet and Zoom Media.
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Yesterday Yahoo reported Q1 earnings that beat Wall Street expectations, which suggests Microsoft’s $44.6 billion takeover bid does indeed undervalue the company.
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