The News Review:
- Lamar Advertising Swings To 2Q Loss Amid Demand Drop
- Internet advertising contracts IDC reports
- Sinclair Broadcast Group reports advertising revenue earnings drop
- CTC Media 2Q Pft Falls 38%; Upbeat n 2H
- Axel Springer’s H1 down on ad slump sees no recovery
- CRRECT: European Broadcasters Remain Cautious Focus n Costs
- German broadcaster ProSiebenSat.1 sees 2nd-quarter profit slip to …
Lamar Advertising Swings To 2Q Loss Amid Demand Drop
Wall Street Journal
–>Lamar Advertising Swings To 2Q Loss Amid Demand Drop ArticleCommentsmore in. (LAMR) swung to a second-quarter loss amid slumping demand the third-straight quarter of red ink for the outdoor advertising company. The firm also projected third-quarter revenue below Wall Street’s views – $264.
Related from Worlddiamondcongress2008: Diamond Hill swings to 4Q loss
Internet advertising contracts IDC reports
Boston Globe
com By Chris Reidy Globe Staff Worldwide spending on Internet advertising contracted for the second consecutive quarter by 5 percent to. globebusiness August 5 2009–>.
Sinclair Broadcast Group reports advertising revenue earnings drop
Bizjournals.com
said Wednesday the recession continued to weaken its advertising sales in the second quarter resulting in a 19 percent decrease in broadcasting revenue. For the quarter ended June 30 the company which owns or operates 58 television stations across the country reported $133 million in net broadcasting revenue down from almost $164 million in the second quarter of 2008. Earnings for the second quarter dropped to $2. 8 million or 4 cents a share from $11.
CTC Media 2Q Pft Falls 38%; Upbeat n 2H
Wall Street Journal
) By Will Bland f DW JNES NEWSWIRES MSCW (Dow Jones)–Russia’s largest listed broadcaster CTC Media Inc. (CTCM) Thursday reported a 38% fall in net profit for the second quarter of the year as the country’s advertising market continued to contract sharply but it offered an upbeat assessment of its prospects. “We expect to continue to outperform the Russian television advertising market in the second half of 2009″ Chief.
Axel Springer’s H1 down on ad slump sees no recovery
Reuters
6 percent * Sees no signs of market recovery (adds CE comments detail background) BNN Germany Aug 6 (Reuters) – German publisher Axel Springer (SPRGn. DE) posted a decline in first half sales and core profit and.
CRRECT: European Broadcasters Remain Cautious Focus n Costs
Wall Street Journal
Still both companies have cut costs to shore up profitability and in the U. at least there are some signs that the rate of decline in the advertising has begun to ease. 1 cautioned however that trading in.
German broadcaster ProSiebenSat.1 sees 2nd-quarter profit slip to …
Los Angeles Times
1 said that performance was affected by the sale in 2008 of its northern European pay-TV unit CMore which contributed euro39. 1 million to last year’s second-quarter revenue. Although its German television stations saw gains in audience and advertising market shares “TV advertising revenues have lagged behind last year’s equivalent figures in the group’s most important sales region” the company said. 1 added that cost-cutting helped its overall performance. The company said that “the environment will remain very difficult in the second half while the fourth quarter of 2009 is particularly important to our performance for the year. “As the recession in Europe persists forecasts remain difficult” it said adding that it would take “all necessary steps” to safeguard profitability and would “continue to invest appropriately in programming.