Yellow Media has Q4 profit of $31M and more revenue from digital services

Directories publisher Yellow Media posts net earnings of $31 million or $1.11 per share in its fourth quarter ended Dec. 31. That compares to net earnings of $821.9 million or $29.24 per share a year ago when the company posted a major one-time gain. Otherwise, Yellow Media would have recorded net earnings of $27.6 million […]

Directories publisher Yellow Media posts net earnings of $31 million or $1.11 per share in its fourth quarter ended Dec. 31.

That compares to net earnings of $821.9 million or $29.24 per share a year ago when the company posted a major one-time gain. Otherwise, Yellow Media would have recorded net earnings of $27.6 million for the quarter.

Revenue was down 10% to $238 million in the quarter.

Yellow Media said digital revenues represented 45% of total revenues during the fourth quarter, up from 38% during the same period in 2012.

Print revenues dropped to $130.6 million during the quarter, decreasing 20.7% compared to the same period in 2012.

The Montreal company is moving beyond print directories into digital advertising with a focus on small and medium-sized businesses.

Media Articles

The social success of CBC’s Baroness Von Sketch

The freshman sketch comedy show is reaching millions of viewers on Facebook

Inside Walmart Canada’s mobile shopping app

Mobile overtakes desktop as the largest source of traffic to retailer's digital properties

Rabbit ears are on the rise: MTM

8% of Anglophones access over-the-air TV using old technology

38% of Canadians are aware of online AdChoices program

Awareness level 'respectable' given program's newness says DAAC study

Q&A: Magazines Canada CEO Matthew Holmes

'I'm seeing all kinds of opportunities' says head of magazine industry’s governing body

St. Joseph adds to its e-newsletter portfolio

Following on the success of Twelve Thirty Six, company launches real estate product

Green P introduces mobile couponing

Pilot project in Toronto neighbourhood includes offers from 18 local businesses

Cineplex wants to talk about the weather

New campaign positions movies as a fall back option when weather doesn't cooperate