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BUSINESS BRIEFS.(TO THE POINT)
MEDIA
Ad recovery boosts Gannett Q4
The No. 1 U.S. publishing firm made $1.31 a share, a 1.5% rise over Q4 '02 and in line with views, due to a 10% rise in ad revenue generated by newly acquired businesses such as SMG Publishing. Gannett's local newspaper ad revenue rose 4%, classified ads rose 8%, and national ads rose 11%; TV ads fell 14%. Shares were flat.
Viacom mulling Blockbuster exit
Since the media conglomerate hasn't found a buyer for its video-rental chain Blockbuster, it may make a decision in the next 2 weeks about spinning it off, which would likely involve a stock exchange between Viacom, which owns 82% of the stock, and Blockbuster shareholders. Viacom's stake is worth an estimated $2.8 bil. Viacom shares were up slightly to 41; Blockbuster shares fell 8% to 17.20.
DEFENSE
Halliburton overbilled for meals
- Spending on ads rose 44% in year, KPMG says. (banking industry, first quarter...
- Magazine article from: American Banker Holliday, Kalen December 13, 1994 700+ words
Although sales of investment products are slowing, banks are spending more money to advertise financial products, according to a study by KPMG Peat Marwick. The accounting firm's report, titled "The State of the Investment Company Industry," concluded that banks are increasing their efforts to
- Australian newspaper job ads rose 2 in July.
- News wire article from: Australasian Business Intelligence August 8, 2001 700+ words
Aug 7, 2001 (Asian Wall Street Journal ABIX via COMTEX) -- The ANZ Banking Group released newspaper employment advertising data for July 2001. The statistics show that there was an adjusted 2 increase in such advertisements in Australian newspapers for the month. The chief economist for the ANZ
- Unit Corp. earnings jump: Contract drilling revenue rose 55 percent in 2005.
- Newspaper article from: Tulsa World (Tulsa, Oklahoma) (via Knight-Ridder/Tribune Business News) February 23, 2006 700+ words
...2004, the Tulsa-based company said. Revenue rose 70 percent to $885.6 million. Drilling...CEO Larry Pinkston. Contract drilling revenue rose 55 percent in 2005 to $462.1 million...quarter a year earlier. Fourth-quarter revenue rose 83 percent to $293 million. Unit has...
- America Online Posts $10.3 Million Loss But Says Revenue Rose 250% in Quarter
- Newspaper article from: The Washington Post November 8, 1995 700+ words
...cents a share) a year earlier, though revenue rose 250 percent in the period. For the...based commercial on-line service said revenue rose to $197.9 million from $56.9 million...the first nine months of the year, revenue rose less than 7 percent, to $39.1 million...
- TENCENT HOLDINGS Q3 ONLINE GAME REVENUE ROSE 23.2%
- News wire article from: AsiaInfo Services November 12, 2009 700+ words
...AsiaInfo Services 11-12-2009 Tencent Holdings Q3 Online Game Revenue Rose 23.2%SHENZHEN, Nov 12, 2009 (SinoCast Daily Business...8% quarter on quarter.In particular, its online game revenue rose 23.2% from a quarter ago to CNY 1.5287 billion, driven...
- Subscription and Download Media Store revenue rose in 2008 to $3.3 billion,...
- Press release article from: M2 Presswire February 11, 2009 700+ words
...Research and Markets: Subscription and Download Media Store revenue rose in 2008 to $3.3 billion, Forecast to Advance by 19...3.3 Bil. In '08 Subscription and download media store revenue rose 26.9% in 2008 to $3.3 billion, forecast to advance...
- AT&T Posts Higher Quarterly Profit, Revenue Up; AT&T posts a higher...
- Magazine article from: eWeek Reuters April 24, 2007 700+ words
...T Inc. on Tuesday posted a higher quarterly profit as revenue rose from its purchase late last year of BellSouth Corp. First...ago quarter, before it bought BellSouth. Total operating revenue rose to $28.97 billion from $15.76 billion, also excluding...
- Intelligroup Q2 Revenue Rose 11.4% to $40.1 Million.(Financial report)
- Press release article from: Business Wire July 29, 2008 700+ words
...The live webcast/replay is available via www.intelligroup.com or www.earnings.com. Q2 Highlights: * Q2 '08 revenue rose 11.4% versus Q2 '07 and 4.4% on a sequential basis. * Q2 '08 gross margin of 32.5% improved 360 basis points...
