Halfway through Fy2015 Trinity Mirror PLC said it will only meet full-year profit expectations with dramatic cost cuts of £20 million ($31.2 million U.S.), which cuts were announced in its pre-close trading update.
The adjusted profit dropped by 2.5 percent to £47 million ($73.4 million U.S.) from H1 of FY2014 to H1 of FY2015. The company wrote £17.4 million down, of which £16 million was said to
Dutch Telegraaf Media Groep (TMG) posted a net loss of €2 million ($2.2 million U.S.) in the first half of 2015 and expects to finish the year with a net loss, since the ongoing reorganization has not yet offset declining advertising revenue and newspaper sales, according to a company statement.
TMG advertising rev
Avito.ru, Russia's largest general classifieds platform, has seen a slowdown in revenue growth, according to the latest trading statement released by shareholder Vostok New Ventures, with non-audited figures for Q2 of FY2015.
The classifieds giant recorded revenue growth of
Vocento, the Spanish media company which owns classified brands, such as InfoEmpleo.com, Pisos.com and Autocasion.com, posted a first-half net profit of €2.1 million ($2.3 million U.S.), after making a loss of €4.1 million in the same p
In the first six months of the current financial year Rightmove, the U.K.'s largest real estate site, grabbed market share from its competitors with the strong financial performance summarized below.
Revenue grew to £93.1 million ($145.4 million U.S.) from £80.4 million (+16 percent on the previous year), driven by growth in spend on additional advertising products and packages, as well as member
With a Q2 EPS of $0.11, announced Tuesday, DHI Group Inc. has beat its guidance by a penny a share, a benefit that comes just as a cabal of shareholders that own 4 percent of the stock has demanded that the company be sold because
French Solocal Group saw a 4.8-percent increase in the revenues from its Internet activities, at €169 million ($186 million U.S.), while the overall revenue was 5.5 percent down, at €241 million ($266 million U.S.) (full statement available here).
The increase in online revenues was drive
French media company Spir Communication saw a 6-percent drop in total revenue in the first half of 2015 to €208 million ($228 million U.S.), on dwindling local and printed advertising, which was only partially offset by growth of its Internet activities.
This decrease was due to lower sales in two areas – printed advertising was down by seven percent to €141.7 million, while local multi-channel c
On July 16 EBay released financial results for the last time with business units PayPal and EBay Enterprise included.
The next day PayPal and EBay parted ways - and financial journalists reporting on EBay breathed a collective sigh of relief. The frustrating years of intransparent EBay reporting on its unit Marketplaces (including the classifieds), are behind us. The next EBay quarterly report wi
The online and mobile revenue of Sanoma’s Consumer Business segment (including the classified businesses in Finland and the Netherlands, with the online auction platform Huuto and marketplace Oikotie, continued to grow in Finland, but declined sligthly in the Netherlands and Belgium in Q2 FY2015 from the same period last year.
The net sales of the online and mobile businesses of Sanoma in Finland