Jennifer's Feed
Oct 30, 2013

French online start-up Criteo shares pop in market debut

NEW YORK/PARIS (Reuters) – Shares in French online advertising firm Criteo rose more than 30 percent in its stock market debut on Nasdaq on Wednesday, showing investor appetite for technology start-ups and delivering a payday to its venture capital backers.

Shares in the company, which uses tracking technology to target ads at consumers surfing the web, opened at $31 and were at $41.40 by 1625 GMT, giving the eight-year old start-up a market capitalization of roughly $2.3 billion.

Oct 29, 2013

Thomson Reuters cuts 3,000 jobs, stock rises

By Jennifer Saba

(Reuters) – Thomson Reuters Corp said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs.

The global news and information company’s stock rose more than 2 percent to hit a two-year high on optimism that the positive turn in net sales will translate into stronger revenue growth next year, since terminal subscriptions are signed on an annual basis. Thomson Reuters also announced a $1 billion share buyback program.

Oct 29, 2013

Thomson Reuters financial sales turn corner; company cuts jobs

By Jennifer Saba

(Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research) (TRI.TO: Quote, Profile, Research) said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs.

The global news and information company’s stock rose more than 2 percent to hit a two-year high on optimism that the positive turn in net sales will translate into stronger revenue growth next year, since terminal subscriptions are signed on an annual basis. Thomson Reuters also announced a $1 billion (623 million pounds) share buyback program.

Oct 29, 2013

Thomson Reuters’s financial business turns corner

By Jennifer Saba

(Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research, Stock Buzz) (TRI.TO: Quote, Profile, Research, Stock Buzz) said on Tuesday that net sales in its financial business turned positive for the first time since 2011 and announced 3,000 job cuts aimed at streamlining the global news and information company.

Logging positive net sales is an important milestone for Thomson Reuters because it shows new sales outpaced cancellations in the Financial & Risk division, which serves banks and financial institutions. Since subscriptions are signed on an annual basis, net sales are a key indicator for future revenue.

Oct 24, 2013

One-third of U.S. adults get news through Facebook -study

Oct 24 (Reuters) – One in three Americans get news through
Facebook, according to a study from the Pew Research
Center released on Thursday.

Almost 80 percent of those surveyed happen upon news when
they are checking up on friends or sharing photos. Heavy news
consumers did not describe Facebook as an important source of
news, the study found.

Oct 21, 2013

Gannett third-quarter revenue falls on newspaper weakness

By Jennifer Saba

(Reuters) – Gannett Co Inc (GCI.N: Quote, Profile, Research, Stock Buzz), the largest U.S. newspaper chain, reported a 4 percent drop in third-quarter revenue on Monday because of a decline in advertising sales, mainly at its papers.

Publishing revenue fell to $858.1 million on a 6 percent slide in advertising revenue. Circulation revenue dipped 0.6 percent. Gannett, whose properties include USA Today, started charging for digital content a year ago at its U.S. newspapers.

Oct 21, 2013

Gannett Q3 revenue falls on newspaper weakness

Oct 21 (Reuters) – Gannett Co Inc, the largest U.S.
newspaper chain, reported a 4 percent drop in third-quarter
revenue on Monday because of a decline in advertising sales,
mainly at its papers.

Publishing revenue fell to $858.1 million on a 6 percent
slide in advertising revenue. Circulation revenue dipped 0.6
percent. Gannett, whose properties include USA Today, started
charging for digital content a year ago at its U.S. newspapers.

Oct 15, 2013

Rodale names former Dow Jones & Co executive as its president

NEW YORK (Reuters) – Publishing and lifestyle company Rodale Inc has tapped former Dow Jones & Co executive Scott Schulman as its president, effective October 28.

Schulman will develop strategy to increase Rodale’s revenue, the company said in a press release on Tuesday. He will report to Maria Rodale, chairman and CEO, whose family has run the privately held company for three generations.

Oct 14, 2013

Demand Media co-founder, chairman, CEO Rosenblatt exits

By Jennifer Saba

(Reuters) – Demand Media Inc Chairman and CEO Richard Rosenblatt is leaving the online content company he co-founded, its board announced on Monday.

The directors named Shawn Colo, who is also a co-founder, as the company’s interim president and chief executive. James Quandt, a board member, was named chairman.

Oct 14, 2013

Yahoo CEO Mayer has advertisers’ attention, but can she get their dollars?

NEW YORK/SAN FRANCISCO (Reuters) – Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with journalist Charlie Rose.

That same audience a year ago would have been grousing that Mayer had not done enough to engage Madison Avenue, which is arguably Yahoo’s most important constituent since the Internet company derives more than 75 percent of its revenue from ad sales.