Martha Stewart Living Omnimedia announced that revenues in the third quarter of 2006 rose 32% to $36.3 million from $27.6 million--driven by higher ad pages and rates, led by a 39% increase in ad
pages at
Martha Stewart Living and an 81% increase in pages at
Everyday Food. Its third-quarter net loss shrank to $25.2 million from $26.1 million a year ago.
In
publishing, operating income was $2.2 million for the third quarter of 2006, compared to an operating loss of $2.3 million in the third quarter of 2005, benefiting from a 75% increase in ad revenue.
Broadcast revenues in the third quarter of 2006 were $10.1 million, up from $2.9 million last year. The operating loss was $1.8 million for the third quarter of 2006, compared to an operating loss of
$3.9 million in the same period in 2005.
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