Today, Schibsted Media Group released its Q1 2014 report, showing operating revenues of NOK 3.71 billion. The Online classifieds segment increased its revenues underlying with 14 percent, 19 percent excluding Spain.
Frontier Communications Corporation (NASDAQ: FTR) today reported first quarter 2014 revenue of $1,154.0 million, operating income of $226.0 million and net income attributable to common shareholders of $39.3 million, or $0.04 per share. Excluding acquisition and integration costs of $10.6 million, acquisition-related interest expense of $7.5 million and severance costs of $0.4 million, partially offset by discrete tax items of $2.9 million (combined impact of $9.1 million after tax), non-GAAP adjusted net income attributable to common shareholders for the first quarter of 2014 is $48.4 million, or $0.05 per share.
Axel Springer Digital Classifieds (ASDC), the joint venture of Axel Springer and General Atlantic, acquires 100 percent of Coral-Tell Ltd. The company operates the leading classifieds portal yad2 (yad2.co.il) in Israel. The purchase price amounts to approximately EUR 165 million. The completion of the transaction is subject to approval by the competent authorities.
TC Transcontinental Printing announced today that it has signed a multi-year agreement with Postmedia Network Inc. to print The Gazette, which is published Monday to Saturday, primarily for the Montreal market.
For the first time, more than half of total pro-forma revenues generated from digital activities / Consolidated revenues up 4.4 percent from Q1 2013 / 13.6 percent increase in EBITDA / EBITDA margin comes to 17.1 percent
A. H. Belo Corporation (NYSE: AHC) today reported a first quarter net loss from continuing operations of $0.18 per share, an improvement of $0.09 per share compared to the first quarter of 2013, due to strong expense management and growth in circulation, printing and distribution, and marketing services revenue. The first quarter 2014 net loss includes a $0.9 million net investment-related loss for the partial impairment of the Company’s investment in Wanderful Media.
Includes two flagship daily newspapers The Capital and the Carroll County Times
