Memo Pad: Back Again - Twice... Back to Base... Thanks - and We Aren't A Dinosaur...

Reports of Vogue Living's death may have been exaggerated — or at least premature. The Vogue shelter spin-off, downgraded last year to a "13th issue," appears this week for the second time...

THANKS — AND WE AREN'T A DINOSAUR: During the last quarterly earnings call for Dow Jones as a stand-alone company (since the deal with News Corp. is set to close in December), chief executive officer Richard Zannino took a few seconds to extend "best wishes" to those on the Street who have supported the company, and also addressed the press critics. "We are not the wounded and malnourished media dinosaur that many in the press have recently portrayed us to be," Zannino insisted.

That may be true, but the company's net income for the third quarter plummeted 87 percent to $13.7 million from $105.4 million during the same period a year ago. Total revenue was up 20 percent to $493.3 million over the third quarter in 2006, but after adjustments for acquisitions, revenue increased 1.8 percent.

Print advertising at The Wall Street Journal's U.S. edition declined 2.9 percent; however, Zannino predicts growth during the fourth quarter in print ad revenue and a 20 percent hike in online ad revenue.
— Amy Wicks

CORRECTION: Sean Fenlon is Alpha Media Group's new director of manufacturing and distribution. This was incorrect in a Memo Pad item, Thursday.
Page:  « Previous
  • 1
  • 2
load comments


Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.
News from WWD

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

getIsArchiveOnly= hasAccess=false hasArchiveAccess=false