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

Mona Networks takes mixed-use retail development mobile

New mobile network connects property management, office workers and retailers

Postmedia names Sid Lee agency of record

Win follows successful "Postmedia Reimagined" campaign

Corus Entertainment revenue up, adjusted earnings flat

Tough national advertising market adds pressure to revenue growth

Shaw profit beats estimates, but revenue doesn’t

Despite solid earnings, Shaw reports a drop in cable and satellite TV subscribers

The YouTubers CMOs need to meet

Four made-in-Canada YouTube channels brands should become acquainted with

Bell and Rogers in disagreement over NHL GamePlus mobile app

Canada's biggest media companies face off over access to NHL content

Fashion Magazine launches awards show

Inaugural event caps off annual World MasterCard Fashion Week

TVB disputes IAB’s ad spend figures

Television marketing body says numbers unfairly include digital spend on traditional media including broadcast and print

Rogers partners with Netflix on original series

Between starts filming in Toronto this fall