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

Online remains high point of ZenithOptimedia forecast

The latest analysis of TV, digital, radio, print and OOH ad spending

On The Move – Weekly Roundup

A recap of who’s headed where in Canadian marketing communications

CTV’s content-driven approach to PR

Pairing traditional press releases with quirky, Buzzfeed-inspired lists

Netflix and Blais go head-to-head at Let’s Talk TV

CRTC's chairs gets testy with the popular online video service

Social Scanner: Tumblr users are rich

Plus: Facebook asks why we hate the ads we hide

Metroland adds new community newspaper in its ‘print renaissance’

East Gwillimbury Express the 11th publication in the York Region Media Group

Set-top box measurement takes the stage at Let’s Talk TV

Numeris, Fourthwall Media and Rentrak advocate for greater use of STB data