Italian publishers take revenue hit in Q1
By Alessandra Ritondo The crisis seems to be far from over for Italy’s publishing industry. In the first quarter of 2013 the combined loss of two of Italy’s main publishing groups, RCS Media Group (loss of €107 million) and Il Sole 24 Ore (loss of €11 million) amounted to €118 million ($152 million U.S.). Their story reflects the situation of the entire Italian publishing sector. The...
Read MoreAOL’s Patch lays off about 40 news staff; more money for ad sales / classifieds?
In an AOL staff memo last week, CEO Tim Armstrong announced news staff layoffs at Patch.com. He also promoted president and COO of Patch Media to its CEO, replacing Jon Brod, according to All Things Digital. There was no mention of any advertising sales layoffs. In fact, Patch may be freeing up news funding for ad sales hires and training, as we discussed earlier this month. AOL told...
Read MoreYahoo wins big drop in lawsuit judgment owed Mexico’s World Wide Directories
While it still must pay Mexico’s World Wide Directories, Yahoo’s successful court appeal has reduced the original judgment for breach of contract from $2.6 million to $172,500. Of course, plaintiffs may now appeal this decision. May 16, 2013 Yahoo Granted Favorable Ruling in Mexico City Superior Court of Justice SUNNYVALE, Calif.–(BUSINESS WIRE)– Yahoo!...
Read MoreRecruitingTrends webinar tells how to make social media work for recruiting
In yesterday’s RecruitingTrends Making Social Media Work Webinar, Morale.me founder and JobScore blogger Joel Cheesman and Maren Hogan, founder of Red Branch Media, discussed social media, mobile and video as tools for recruiters. There was much for recruitment publishers to learn as well. This content is available to Classified Intelligence Report clients. Want to know more about becoming...
Read MoreMecom gets serious about restructuring
London-listed media group Mecom with assets in Denmark and the Netherlands, will appoint “a veteran investment banker “ as chairman to help it restructure, Financial Times reported (here). According to sources close to the company, Rory Macnamara, a former mergers and acquisitions banker at Deutsche Morgan Grenfell and Lehman Brothers, will take over the reigns at the company. Mecom has been...
Read MoreDexMedia introduces pay-per-call, mobile search, text marketing
The new DexMedia directory firm, a merger of Dex One and Supermedia, has some ambitious plans and products, spelled out in its recent Investor Day call. “Dex Media is a new company with a powerful and effective approach to deliver social, local and mobile marketing services to small- and medium-sized businesses throughout the country,” the new firm’s president and CEO Patrick...
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