News > Media
SaveE-mailPrintMost PopularRSSReprints

NYT July Ad Revenue Falls

Classified sales plunge 30%; N.E. Media Group suffers abysmal decline

Aug 26, 2008

- Editor & Publisher Staff


CHICAGO July advertising revenue at the New York Times Co. fell more than 16 percent pushed by classified sales that plunged 30 percent, the company reported Tuesday.

Total revenue from continuing operations dropped slightly more than 10 percent compared with July 2007.

News Media Group advertising revenue was off 18 percent, mostly on weak print results. Every unit of the newspaper division reported across-the-board advertising weakness, with softness especially in the classified categories of real estate, help-wanted, and automotive.

Ad revenue at the New York Times Media Group, including its flagship daily, fell almost 15.5 percent on across-the-board decreases.

At the New England Media Group, which includes The Boston Globe, ad revenue plummeted nearly 25 percent

The Regional Media Group, including papers in the troubled Florida market, reported ad revenues fell 18 percent

Internet advertising revenues included in the News Media Group nudged up about 1 percent "as more moderate growth in display advertising was partially offset by continued weakness in online recruitment advertising," the company said. It added that to date in August online advertising "is trending up in the low double digits as display advertising at NYTimes.com has improved."

Advertising revenue at the About Group -- including the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com and Calorie-Count.com -- rose 14.5 percent, the company reported, mainly on growth in cost-per-click advertising.

Total Internet revenue grew 2.5 percent-plus, with Internet ad revenue up 5.5 percent in July.


NYT July Ad Revenue Falls

Classified sales plunge 30%; N.E. Media Group suffers abysmal decline

Aug 26, 2008

- Editor & Publisher Staff


CHICAGO July advertising revenue at the New York Times Co. fell more than 16 percent pushed by classified sales that plunged 30 percent, the company reported Tuesday.

Total revenue from continuing operations dropped slightly more than 10 percent compared with July 2007.

News Media Group advertising revenue was off 18 percent, mostly on weak print results. Every unit of the newspaper division reported across-the-board advertising weakness, with softness especially in the classified categories of real estate, help-wanted, and automotive.

Ad revenue at the New York Times Media Group, including its flagship daily, fell almost 15.5 percent on across-the-board decreases.

At the New England Media Group, which includes The Boston Globe, ad revenue plummeted nearly 25 percent

The Regional Media Group, including papers in the troubled Florida market, reported ad revenues fell 18 percent

Internet advertising revenues included in the News Media Group nudged up about 1 percent "as more moderate growth in display advertising was partially offset by continued weakness in online recruitment advertising," the company said. It added that to date in August online advertising "is trending up in the low double digits as display advertising at NYTimes.com has improved."

Advertising revenue at the About Group -- including the Web sites of About.com, ConsumerSearch.com, UCompareHealthCare.com and Calorie-Count.com -- rose 14.5 percent, the company reported, mainly on growth in cost-per-click advertising.

Total Internet revenue grew 2.5 percent-plus, with Internet ad revenue up 5.5 percent in July.


Post a Comment
Asterisk (*) is a required field.
* Author:
* Comment:
 
The opinions expressed in comments are those of the individual poster. They do not necessarily reflect the views of Adweek or Nielsen Business Media. Attacks of a personal nature and comments that are otherwise inappropriate may be removed.


Our ProductsOur Products

ADWEEK DAILY UPDATE

Receive a comprehensive roundup of the biggest stories of the day.

SUBSCRIBE

Stay connected to what's happening in the advertising industry with delivery of the print edition and complete online access.




Adweek Advertising Home | Advertising Industry News | Creative TV Advertising | Advertising Industry Community | Video Advertising | Advertising Data Center | Advertising Special Reports | Advertising Careers | Advertising Products | Advertising About Us | Advertising Business Statements | Advertising Contact Us | Advertising Opportunities | Ad Licensing | Advertiser FAQ | Advertising Magazine Subscriptions | Advertising News RSS | Online Ad Site Map | Mobile

© 2010 Adweek. All rights reserved. Terms of Use  |   Privacy Policy