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

Yellow Pages cutting about 300 positions

Cuts come as Montreal company continues its shift to digital media advertising

Geox hires Canadian AOR to boost social, online presence

MacIntyre Communications takes over account from The PR Department

Big Data Roundtable: The new business of marketing

Four senior marketers hash out the challenges of all those 1s and 0s

Publishers need sponsored content guidelines: CAJ

Publishers seeking new revenue streams; group calls it a 'high-stakes' survival strategy

Influencer marketing agency IZEA launches Canadian office

Company works with 550,000 content creators globally including 14,000 in Canada

How about those Blue Jays ratings?

Drive to AL East title produces a ratings bonanza for Sportsnet

Rogers introducing 4K technology

Company commits to 500 hours of ultra HD programming in 2016

The ad blocking hype is overblown (column)

TubeMogul's Kenneth Chow on why adland need not get hysterical over blocked ads