NEW YORK (Reuters) – Thomson Reuters’ (TRI.TO: Quote, Profile, Research) (TRI.N: Quote, Profile, Research) revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent, overshadowing bullish remarks from Chief Executive James Smith that his turnaround plan was gaining traction.
The global news and information company posted a better-than-expected rise in quarterly profit on Wednesday and forecast that revenue would increase in the low single digits this year. The outlook was largely anticipated by analysts, who had forecast a 2 percent rise.
NEW YORK (Reuters) – Thomson Reuters (TRI.TO: Quote, Profile, Research, Stock Buzz) (TRI.N: Quote, Profile, Research, Stock Buzz) reported a 2 percent rise in quarterly operating profit on Wednesday, largely due to cost cutting, and forecast higher revenue in 2013 as its division that serves financial institutions begins to turn around.
The global news and information company said it expects revenue to increase in the low single digits this year. Analysts had been forecasting a 2 percent rise.
Inkling, the three-year-old start-up that transforms bulky textbooks into an interactive experience for the iPad and other tablet devices, launched on Tuesday an ambitious new publishing and search platform aimed for non-fiction content such as books on wine and cooking or ones that covers topics like pregnancy.
Inkling is taking on the big cheeses of distribution by making content produced on the Inkling platform easier to search through Google. So the titles or chapters or just a page of a relevant book will pop up when someone is seeking a specific topic.
Feb 8 (Reuters) – AOL Inc reported its best
quarterly revenue growth in eight years because of strong search
and advertising sales, and its shares rose more than 7 percent.
The company said on Friday that total revenue rose 4 percent
to nearly $600 million in the fourth quarter, beating analysts’
estimates of $573.7 million, according to Thomson Reuters
By Jennifer Saba
(Reuters) – The New York Times Co said because more people are paying for its digital newspapers revenue grew in the fourth quarter, sending shares up as high as 15 percent on Thursday.
The earnings results – the company reported better than expected revenue and profit – marked the public debut of Mark Thompson as the Times Co’s Chief Executive to Wall Street.
Feb 7 (Reuters) – The New York Times Co on Thursday
reported higher quarterly revenue as more people paid for its
digital newspapers, and its shares jumped 11 percent.
Circulation revenue jumped 16.1 percent, mainly because of
growth in digital subscriptions.
(Reuters) – Rupert Murdoch’s News Corp on Wednesday reported higher quarterly revenue and profit on strong growth at its cable assets including its Regional Sports and FX networks.
But the rosy quarterly figures – revenue and profit beat expectations – masked troubles at three of News Corp’s properties, most notably Fox.
One of the hottest T-shirt designers on the market is a magazine.
Mental Floss, the 160,000 circulation magazine owned by publishing magnet Felix Dennis, derives one-third of its revenue from e-commerce, one-third from subscriptions and newsstand sales, and one-third from advertising.
Its T-shirt business represents about 40 percent of its e-commerce revenue.
On Tuesday, it unveiled its latest effort, T-shirt Tuesdays, where every week Mental Floss will reveal a new design to capitalize on one of its best selling products. Last year, Mental Floss sold about 40,000 T-shirts for $24.99 a pop.
DETROIT/NEW YORK, Feb 4 (Reuters) – Chrysler Group LLC was
once again one of the big winners in the Super Bowl ad battle,
scoring with a military-themed spot narrated by Oprah Winfrey
and another highlighting farmers that underscored the
automaker’s attempts to rehabilitate its image by playing to
The commercials Chrysler aired during Sunday’s Super Bowl
continued a winning trend that started two years ago with a spot
featuring Eminem and last year’s popular two-minute ad starring
(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.