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NY Times Advertising Profit Hits, Overall Ad Revenue decline

6Nov By AnkitaNo Comments

BUSINESS

NY Times Advertising Profit Hits, Overall Ad Revenue decline

The New York Times profits slipped in the third quarter as declines in advertising revenues offset gains in its digital subscription efforts. The prestigious US daily said it now has more than four million "digital only" subscribers and a total subscriber base of 4.9 million, with 500,000 outside the United States. Net profit for the quarter slid 34 percent from a year ago to $16.4 million, while total revenues rose 2.7 percent to USD 429 million. But while the Times increased revenue from its subscriber base, ad revenues were down for both print and digital. Overall ad revenue declined 6.7 percent from a year ago, including a 7.9 percent from print and 5.4 percent drop in digital. "Like other publishers, we're seeing continued turbulence in the digital advertising space," s...

16Mar By AdityaNo Comments

ACQUISITION

HH Global Acquires Alecom

Alecom, a print and luxury brand marketing services provider, has been acquired by HH Global, in a deal agreed on 28 February 2019. HH Global Ltd., founded in 1991, is a leading, independent marketing execution partner to prominent brands in 44 countries. The company offers innovative and tailored solutions for the outsourced procurement of all types of printed marketing materials and creative production services, that drive down cost, speed time to market, improve quality, and increase sustainability. Alecom was established in 2000 and supports both corporate and luxury brands including Boiron, Dior, Hermes, Cartier and Tag Heuer. The acquisition will deliver significant value to the clients of both HH Global and Alecom, through the strength of their combined proposition...

Mobile Ad Spends Estimated Rs. 4200 Cr By The End of 2016 : Report

9Oct By NitishNo Comments

ANALYSIS

Mobile Ad Spends Estimated Rs. 4200 Cr By The End of 2016 : Report

Mobile ad spends estimated to be Rs. 4200 Cr. by the end of 2016 The smartphone has emerged as heartland India’s ticket to rich user experience in communication, entertainment and retail, allowing marketers to tap into both urban and rural markets with Mobile Marketing. The Mobile Marketing Association (MMA), in association with GroupM, India’s largest media and marketing conglomerate, have released a report on the mobile marketing ecosystem in India. Called the ‘Mobile Ecosystem and Sizing Report’, this report states that the Mobile Medium is the third largest mass media in India in terms of ad spends, after Television and Print. The ad spends on Mobile media is estimated to be Rs. 4200 Cr. by the end of 2016, and is expected to grow to Rs. 10,000 Cr. by end of 2018. ...

19Sep By reutersNo Comments

FUNDING

Silicon Valley Based 3D Printing Startup Carbon Raises $81M in Funding

Carbon, a Silicon Valley startup that is developing 3D printers to produce medical devices and car parts on demand, said on Thursday it had closed on $81 million in funding that brought the total it has raised to $222 million. "We wanted to go find investors that share the scope of our vision and realize what we are talking about here is industrial re-invention," Kirk Phelps, Carbon vice president of product management, told Reuters at the company's headquarters in Redwood City, California. Founded in 2013, Carbon said the funding round was led by automaker BMW Group, industrial conglomerate General Electric, optics and imaging products company Nikon and chemical manufacturer JSR. They joined earlier investors Google Ventures and top tech venture capital firm Sequoia. "The...

18May By AnkitaNo Comments

News

Major American Newspaper Media Outsource Its IT Services To India

A major American media company which owns prestigious dailies like Los Angeles Times and Chicago Tribune will outsource a part of its IT component to Indian software giant TCS, according to a media report. Chicago-based Tribune Publishing Company said it has informed its IT employees last month that it is moving work to India-based IT company Tata Consultancy Services (TCS), a news report in Computer World said yesterday. However, it did not say the number of employees would be hit by such a move. "IT employees at Tribune Publishing say they received warning of the outsourcing late last year. In April, they were told that over an 18-month period, Tribune would be moving to information technology outsourcing across its business, according to employees contacted," the report said. ...