Tuesday, September 18, 2001
  • DoubleClick Buys Back Stock

    DoubleClick Inc., the digital marketing solutions company, has announced that its Board of Directors has authorized a stock repurchase program that will permit DoubleClick to purchase up to $100 million of its outstanding common stock over the next twelve months. Any purchases under DoubleClick's stock repurchase program may be made, from time-to-time, in the open market, through block trades or otherwise. Depending on market conditions and other factors, these purchases may be commenced or suspended at any time or from time-to-time without prior notice. ...Read the whole story

  • New York Times Ad Revenue Drops

    The New York Times Company reported that pro forma advertising revenue for its Newspaper Group decreased 17.8% in August 2001 from the record level achieved in August 2000. Pro forma advertising revenue excludes seven newspapers and nine telephone directories (divested Regionals) sold in the second half of 2000. For both September and the third quarter, results are expected to be adversely affected by the tragic events of last week. In August 2000, advertising revenue for the Newspaper Group was strong, increasing 7.8% (excluding the divested Regionals and the Worcester Telegram & Gazette (T&G;) acquired January 7, 2000. Beginning in 2001, ... ...Read the whole story