(Reuters) – Gannett Co Inc (GCI.N: Quote, Profile, Research, Stock Buzz) reported a better-than-expected rise in fourth-quarter revenue on strong advertising sales at its television stations and as subscribers paid more for its newspapers.
Gannett, the largest newspaper chain in the United States, on Monday reported revenue of $1.52 billion versus $1.38 billion in the year-earlier period, and topped analysts’ expectations of $1.49 billion, according to Thomson Reuters I/B/E/S.
(Reuters) – The Washington Post is the latest media company contemplating selling its headquarters as it tries to rein in costs.
Katharine Weymouth, the publisher of the Washington Post and part of the Graham family that controls the paper, wrote to employees about the move, according to a memo from Weymouth obtained by Reuters.
Jan 31 (Reuters) – SpongeBob SquarePants and the Teenage
Mutant Ninja Turtles could not lift ad sales at Viacom’s
stable of cable networks, which dragged down first
quarter total revenue.
Specifically, it was Viacom’s Nickelodeon – home to the
undersea goofy character and fighting reptiles – that was
responsible for the six percent decline in advertising revenue
for the quarter ending Dec. 31.
Jan 31 (Reuters) – Viacom Inc said quarterly
revenue fell 16 percent on weaker results from its movie studio
Paramount Pictures and lower advertising revenue at its stable
of cable networks.
Film revenue tumbled 37 percent, while domestic advertising
revenue fell 6 percent for the second quarter in a row, the
media conglomerate reported on Thursday. Viacom’s cable networks
include MTV, Nickelodean and Comedy Central.
NEW YORK (Reuters) – Glossy products still look best on the glossy page.
Advertising for luxury brands is driving increases in first-quarter ad pages at big magazine publishers, a welcome dose of good news for companies that have grappled with layoffs, restructurings and general malaise in a business whose fortunes have fallen as the online world has grown.
Conde Nast, Hearst Magazines, Time Inc and Rodale all expect a rise in ad pages sold in their magazines for the first quarter.
(Reuters) – Time Inc on Wednesday began the process of cutting about 500 jobs, about 6 percent of its total staff as the largest U.S. magazine publisher grapples with challenges beleaguering the print industry.
The layoffs mark the first major move made by Time Inc CEO Laura Lang, who joined the company in January 2012.
NEW YORK (Reuters) – Sirius XM Radio Inc’s grip on drivers is under an increasing threat as the availability of Internet connections in more cars is helping Pandora Media Inc counter some of its rival’s big selling points.
In a sign of how important drivers are to the two companies, each of their top executives made the trek to Las Vegas this week to court automakers at the annual Consumer Electronics Show.
NEW YORK, Jan 10 (Reuters) – Sirius XM Radio Inc’s
grip on U.S. drivers is under an increasing threat as the
availability of Internet connections in more cars is helping
Pandora Media Inc counter some of its rival’s big selling
In a sign of how important drivers are to the two companies,
each of their top executives made the trek to Las Vegas this
week to court automakers at the annual Consumer Electronics
SAN FRANCISCO/NEW YORK (Reuters) – The Associated Press began using its official Twitter account as an advertising platform on Monday, as the news organization seeks new forms of revenue.
Samsung Electronics Co Ltd was the first sponsor on the @ap account for breaking news, which is followed by 1.5 million Twitter users. The South Korean electronics maker’s initial “SPONSORED TWEET” promoted its events at the 2013 Consumer Electronics Show in Las Vegas this week.
Jan 4 (Reuters) – Hulu Chief Executive Jason Kilar will
leave the streaming TV company this quarter, he wrote in a blog
post on the company’s website on Friday, raising more questions
about its future path under multiple owners.
Kilar has long been rumored to be exiting the company as it
faces stiff competition from Netflix Inc, Amazon.com
Inc as well as Google Inc and Apple Inc