Financial results

France’s Solocal Group revenue 3% down, Internet revenue 4.1% up in Q1

While total revenues were down by 3 percent, Internet activities were up by 4.1 percent at Solocal Group, which has just established a partnership with Google to create a joint b-to-b offer. The Group said Internet revenue growth was driven by search and display business, which grew by 5.5 percent due to improved monetization of Internet audiences (full financial report available here). It said...

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France’s Spir turnover down 4.4% in Q1

French media group Spir Communication ended up first quarter slightly in the red as its revenue saw a 4.4-percent drop, down to €103.8 million ($113 million U.S.). At the same time, the revenue from digital activities of Spir saw a 11.9-percent increase. “Revenues for the first quarter of 2015 reflect good business performance of Logic-Immo.com, increase of market share of Adrexo and the...

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McClatchy reports Q1 loss, continues digital transformation

The McClatchy Company (NYSE: MNI) says that for the remainder of 2015, it expects its digital-only ad revenue to grow by double-digits on a gross basis as it continues to diversify from print newspaper advertising. Already, more than two-thirds of its revenues are from sources other than print, the company reported in its Q1 statement. But stanching the bleeding costs associated with print...

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Telegraaf revenue slightly lower in Q1, situation to ‘stabilize’

Dutch Telegraaf Media Groep (TMG) reported a 5.7-percent drop in revenue year-on-year for the first quarter, down to € 116.9 million ($126 million US), with earnings after taxes remaining the same and situation stabilizing overall following a difficult previous year. Advertising revenues declined by €6 million or 14.7 percent for print and radio activities, while circulation revenues declined...

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Asset revaluation pulls Kinnevik in red

Kinnevik reported a loss of SEK 448 million ($52 million U.S.) in Q1 of FY2015, compared to a profit of SEK 683 million in FY2014. For an investment company everything turns around valuation. So, soon after the report was released, it was clear that the biggest reason for the loss was a change in the real value of financial assets. The report gives the net asset value (NAV) of Kinnevik as SEK...

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EBay revenues up 4.5% for Q1

EBay (NASDAQ:EBAY) saw net revenues of about $4.45 billion in the first quarter, a gain of 4.5 percent – or about $186 million – over the same quarter of 2014. U.S. revenues were up 8 percent on the year and 10 percent on the quarter. International revenues increased 2 percent year over year. Merchant services volume rose 26 percent and total payment volume rose 18 percent to $61 billion in...

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