News Brief
Web Accounts For 8.5% Of Times Co. Revenue
Oct 20, 2006, 6:33 AM
Online ad revenue is up at The New York Times Co., but not enough to compensate for lost print revenue, the company reported Thursday. Third-quarter online revenue grew to $62.8 million, up from $50.5 million from last year. Web businesses--including About.com, digital archive, NYTimes.com and Boston.com--now account for 8.5% of overall revenue, up from 6.7% one year ago. At About.com, third-quarter revenue increased 29.3% to $18.3 million from $14.2 million, which the company attributed to ad and e-commerce revenue. Operating profit increased to $6.4 million from $3.8 million. But total revenue at the company slid 2.4% to $739.6 million from $757.8 million. Ad revenue company-wide decreased 4.2%, with an even further slide--5.1%--at The New York Times Media Group and the New England Media Group. The subscriber-only premium service, TimesSelect, now has 551,000 subscribers, but about two-thirds--65%--receive the service because they have home delivery.
Recent Online Media Daily Articles
-
Gmail Hangouts Disable Google Voice May 20, 3:23 p.m.
Google's new version of Hangouts for Gmail eliminates Google Voice features. The move is frustrating heavy ... -
Digital Boost: Ziff Davis Acquires NetShelter May 20, 3:19 p.m.
Ziff Davis on Monday announced the acquisition of content network NetShelter from ad platform inPowered. Financial ... -
LikeableAds.com Launches, Focus on Social Media Ads May 20, 3:04 p.m.
To keep up with growing demand from Madison Avenue, the social marketing consultants at Likeable Media ... -
Yahoo To Ramp 'Native' Ads On Tumblr May 20, 1:37 p.m.
With its $1.1 billion acquisition of Tumblr, Yahoo on Monday made clear it plans to allow ... -
Gigya Improves Marketing, Adds 21 Social, Tech Partners May 20, 9:15 a.m.
Social services startup Gigya on Monday is expected to announce the addition of 21 social and ... -
Health/Wellness Shop Diversifies Into Happiness, Launches Platform To Fuel It May 20, 9:06 a.m.
The CementBloc, a spunky New York-based agency specializing in health and wellness marketing, is diversifying into ... -
Yahoo To Buy Tumblr For $1.1 Billion May 19, 7:26 p.m.
The Yahoo board has agreed to acquire popular blogging site Tumblr for $1.1 billion in cash, ... -
Weather.com Develops Real-Time Data Ad Targeting May 17, 5:12 p.m.
Weather.com has begun using audience segmentation data from Lotame to develop real-time targeting services based on ... -
MetroPCS Drops Challenge To Neutrality Rules May 17, 4:44 p.m.
T-Mobile's newly acquired MetroPCS withdrew its challenge to the Federal Communications Commission's net neutrality rules on ... -
'Geo-Conquesting' Drives Higher Mobile Click Rates May 17, 3:56 p.m.
The practice of conquesting -- running advertising for a brand or product near editorial content about ...
Be the first to comment on "Web Accounts For 8.5% Of Times Co. Revenue"
Leave a Comment