Jennifer's Feed
May 11, 2013

Fed queries Bloomberg over reporters’ access to client data

May 11 (Reuters) – Bloomberg LP customers, including the
U.S. Federal Reserve and the U.S. Treasury, were examining on
Saturday whether there could have been leaks of confidential
information, even as the media company restricted its reporters’
access to client data and created a position to oversee
compliance in a bid to assuage privacy concerns.

The financial data and news company, whose computer
terminals are widely used on Wall Street, had allowed
journalists to see some information about terminal usage,
including when customers had last logged in, and how often they
used messaging or looked up data on broad categories, such as
equities or bonds.

May 11, 2013

Bloomberg CEO says client data access for reporters a mistake

By Lauren Tara LaCapra and Jennifer Saba

(Reuters) – Bloomberg LP customers, including the U.S. Federal Reserve and the U.S. Treasury, were examining on Saturday whether there could have been leaks of confidential information, even as the media company restricted its reporters’ access to client data and created a position to oversee compliance in a bid to assuage privacy concerns.

The financial data and news company, whose computer terminals are widely used on Wall Street, had allowed journalists to see some information about terminal usage, including when customers had last logged in, and how often they used messaging or looked up data on broad categories, such as equities or bonds.

May 8, 2013

AOL shares sink as websites still lose money

By Jennifer Saba

(Reuters) – Online media group AOL Inc said on Wednesday that first-quarter revenue grew on strength in its advertising business, but shares sank on concerns that profits were still mostly coming from a shrinking dial-up platform.

The stock tumbled 10 percent to $37.35, the second worst decline in the past 18 months, signaling that some investors were not sold on AOL’s strategy of building its business on content.

May 7, 2013

Demand Media revenue and profit beat estimates

May 7 (Reuters) – Demand Media reported on Tuesday
better-than-expected first quarter revenue and profit on growth
at its media websites like eHow, Livestrong and Cracked.

Demand Media makes its money in two ways. In its media
business, freelance writers, photographers and videographers
provide articles and videos designed to appear at the top of
Internet search that in turn generate advertising. The other is
a registrar business that maintains top level generic web domain
names like “.actor” and “.social.”

May 1, 2013

Viacom and CBS beat expectations in tough TV ad market

May 1 (Reuters) – Sumner Redstone had a good day on
Wednesday as his two companies Viacom Inc and CBS Corp
reported quarterly results that beat Wall Street
estimates on the back of unexpectedly strong TV advertising
revenue.

Viacom reversed a long ad revenue slide, surprising analysts
by posting growth in the first quarter. CBS reported a profit
that easily beat the most optimistic of Wall Street estimates,
as special events helped its broadcast network increase ad
revenue by 8 percent.

May 1, 2013

Major media companies top estimates in shaky ad market

By Jennifer Saba and Liana B. Baker

(Reuters) – Some of the biggest U.S. media conglomerates beat earnings expectations on Wednesday, though Time Warner Inc, Viacom Inc and Comcast Corp all showed signs of being susceptible to swings in TV advertising revenue.

Time Warner posted a profit that topped even the most optimistic Wall Street estimate by 4 cents, and Comcast and Viacom both beat expectations by one penny. But all three were just shy of revenue expectations.

Apr 30, 2013

Thomson Reuters profit falls on severance costs

April 30 (Reuters) – Thomson Reuters Corp
reported a 7 percent decline in first-quarter operating profit
because of severance costs and a decrease in revenue at its
Financial & Risk division, which caters to banking clients.

That decline did not change the company’s outlook for the
remainder of the year and it reaffirmed its forecast for 2013
revenue growth in the low single digits.

Apr 30, 2013

Thomson Reuters operating profit falls on severance costs, takes tax charge

April 30 (Reuters) – Thomson Reuters Corp
on Tuesday reported a 7 percent decline in first-quarter
operating profit because of severance costs and a decrease in
revenue at its Financial & Risk division, which caters to
banking clients.

That decline did not change the company’s outlook for the
remainder of the year and it reaffirmed its forecast for 2013
revenue growth in the low single digits.

Apr 25, 2013

New York Times reports lower revenue on ad slide

By Jennifer Saba

(Reuters) – New York Times Co reported a decline in quarterly revenue as the newspaper publisher continues to struggle with weak advertising sales.

The 11.2 percent drop in advertising revenue in the first quarter underscores the pressure that the New York Times faces to increase its subscription revenue, especially for its digital products.

Apr 24, 2013

Analysis: Sleeping ad giant Amazon finally stirs

SAN FRANCISCO/NEW YORK (Reuters) – Amazon.com Inc is known in the advertising industry as the “sleeping giant” because the world’s largest Internet retailer harbors a trove of consumer-spending data that many marketers have called an unrealized opportunity.

Now it’s awakening to the potential. After running ads on its own website for years, the company has taken the first steps toward becoming a true Internet advertising network, using the knowledge garnered from its data to place targeted ads for some of the world’s biggest advertisers across thousands of other websites.