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

Blue Ant hires Laura Pearce to focus on consumer outreach

Former AOL exec now VP of brand strategy and fan engagement

CBS launches digital streaming service

Service offers expansive lineup, but doesn't include live sporting events

Digital Day 2014: Mitch Joel and Scott Stratten talk real-time

The social media experts discuss social spontaneity and Carrot Top

HBO GO to launch as stand-alone streaming service in 2015

Network sets its sights on the 80 million homes in the U.S. that don't have HBO

Nearly half of Canadians now binge watch TV: Study

Reasons to binge watch: not tied to a schedule, ability to skip commercials

Bell announces creative partnership for new TV formats

Company teams with famed reality TV producer Mark Burnett