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.