Yellow Media posts lower second quarter profits

Print revenues continue to weaken

Yellow Media Ltd. says profits dropped 45% in the second quarter on decline of print revenues.

The publisher of the Yellow Pages directories says net earnings fell to $27.6 million, or $1.01 per share, compared to $50.3 million or $1.81 per share a year ago.

Revenues slid 9.3% to $220.6 million, from $243.2 million, mainly from continued weakness in its print operations.

The company says print revenues dropped 22.5% over the same time last year to $112.2 million.

Meanwhile, digital revenues grew to $108.4 million, representing 49.1% of total revenues, up from 40.5% during the same period in 2013.

Yellow Media competes with big search engines Google, Yahoo and Bing as well as small digital companies to attract consumers who are the Internet to search for businesses and services.

Media Articles

The sky’s the limit for storytelling at Mondelez

A sneak peak from Marketing Live about content so good it makes money

Rogers introduces Twitter support

First Canadian company to offer support via social media platform

Twitter party spreads research on pediatric pain management

Year-long #ItDoesntHaveToHurt initiative provides helpful tips to parents

NHL’s Bill Daly explains use of virtual ads on rink boards

Deputy commissioner discusses sponsorship innovation at MES 2016

Netflix looks at binge habits of Canadians, global users

Viewers are getting hooked faster to binge-worthy content than ever before

Rogers goes big to promote World Cup of Hockey

New campaign spans traditional media to experiential and in-store

Pattison wins Richmond, B.C. street furniture contract

New 20-year contract includes provisions for digital inventory

Bruce Neve discusses digital, data and goals (Q&A)

Longtime Canadian media executive on his new role with True Media