Wall Street Journal: online vs offline profits

[TheEnforcer]

http://www.nypost.com/business/42637.htm

By PAUL THARP
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April 15, 2005 -- The head of The Wall Street Journal's empire, Peter Kann, could be sweating over his job, again.
Earnings plunged by 54 percent at the newspaper's parent Dow Jones & Co., with its fledgling online operations earning more money for the first time than the flagship Journal and the weekly Barron's.

Kann blamed the slump on weak advertising at the Journal, which lost 8 percent of its ads in the first quarter and expects the slump to continue.

The advertising problems at the financial publishing giant seeped into the market, as well, as the stock fell 4.6 percent yesterday, to $35.46, off $1.72. Shares are off 24 percent in the last 12 months.

First-quarter profit fell to $8.2 million, or 10 cents a diluted share, from $17.8 million, or 22 cents a share, a year earlier.

Quarterly revenue rose to $412.1 million, up 2.6 percent from a year earlier, despite an 8 percent decline in ad linage at the U.S. edition of the newspaper.

Although Kann bought some peace in recent months by siding with the founding Bancroft family in a boardroom showdown over family control of the company stock, Kann's performance in the past several years may not impress investors much longer, analysts say.

[Rikk]

Not everyone has actual reach to the paper but the whole world has the website in grasp. when advertisers realise this is when things change!

[Newton]

I used to get the WSJ European Edition up until recently, it was an excellent read, but a fucker to get ahold of. That paper I did read and thoroughly enjoyed it.

[Rikk]

Originally posted by Newton@Apr 15 2005, 03:38 PM
I used to get the WSJ European Edition up until recently, it was an excellent read, but a fucker to get ahold of. That paper I did read and thoroughly enjoyed it.

The Times is a better paper