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

Vice Canada launching Quebec division

Company also opening a Canadian office of its in-house creative agency Virtue

Raptors’ game 4 sets ratings record for TSN

More than one-third of GTA residents watched Monday’s game

CBC unveils 2016-2017 broadcast and digital lineups

Public broadcaster adds an animated series, a daytime talk show and more

AmEx influencer campaign travels north of expectations

Social and acquisition teams band together for the company's latest campaign

Facebook to close desktop ad exchange

What comes next now that FB shifts focus from desktop to mobile ads?

The neuroscience that explains TV’s enduring appeal

Brainsights research shows size matters when it comes to ad format

Thinkingbox looks to grow globally with new funding

Vancouver-based digital production studio lands its first outside investor

CRTC calls hearing into skinny basic rollout

Hearing will determine if BDUs are adhering to regulator's plan to offer Canadians more choice

Mobile driving gains in time spent with media (Report)

Time spent with digital exceeds TV by nearly an hour each day