Ziff Davis Holdings Inc. today reported third quarter consolidated revenues of $38.8 million, a decline of $1.4 million compared to the previous year. While the company's online revenues increased 32 percent for the quarter, print revenues, excluding closed publications, decreased 14 percent.
Articles by Marrecca Fiore
Siemens Receives $109.4 million Contract from USPS The USPS awarded Siemens a $109.4 million contract modification for additional mail sorting equipment. The deal includes 211 Delivery Bar Code Sorter machines. Expected production and installation of the order is Dec. 1, 2007. Currently there are more than 2,000 in use by the USPS.
Less than a month after rejecting a $1.2 billion buyout offer from Stamford, Connecticut-based Cenveo Inc., Banta Corp. has agreed to be acquired by RR Donnelley & Sons for $1.3 billion or $36.50 per share after the special $16 per share dividend declared last month by Banta.
Martha Stewart Living Omnimedia Inc. today reported increases in third quarter revenue across its publishing sector and overall business. The company's overall revenue grew 48 percent in the third quarter to $61.1 million, up from $41.3 in the third quarter of 2005, while publishing revenue was up 32 percent to $36.3 million, from $27.6 million in the same period last year.
Stamford, Connecticut-based Cenveo Inc.'s unsolicited proposal to acquire Banta Corporation for $47 per share, expires today at 4 p.m. No word has been given by either company as to how they will proceed. Calls to both Banta and Cenveo went unanswered.
Active Interest Media Inc. has acquired Yachts magazine, a luxury yachting publication, adding another consumer enthusiast magazine title to Active Interest's growing portfolio of magazines, consumer shows, books and Internet sites.
Austin Ventures has acquired Seattle-based All Star Directories, a publisher of online education directories focusing on health care, art, business, teacher education, psychology, criminal justice, computer training and nursing. Terms of the deal were not disclosed.
At one time, mobile publishing was reserved for the Conde Nasts and the Time Inc.s of the industry. But slowly that's changing with the help of mobile hosting companies like Nellymoser, QMobile and Crisp Wireless which are making it both easy and inexpensive for smaller publications to jump on the mobile bandwagon.
Vanity Fair does it at the Oscars and the Golden Globes. Blender does it at the VMAs. Publishers are no strangers to piggy-backing parties off of successful events. In September, Conde Nast sponsored Fashion Week's Fashion Rocks concert and hosted the party that followed.
With more than 1.6 million Internet-enabled cell phones in circulation in the U.S. alone, magazine publishers, even smaller ones, are throwing their money and their content into mobile platforms.