Le Monde To Break Even Or Better Thanks To Web Revenue
By Robert Andrews - Tue 10 Apr 2007 02:31 AM PST
France’s Le Monde Group expects to break even or make a profit this year thanks to digital revenue. Online director Bruno Patino told AP that, after recent losses, the company would this year be on an even keel “entirely thanks to online services making up for print losses”. The publisher has endured a torturous last few years, marked by 100 job cuts in 2004 following the decimation of its classified ads revenue and by a 15 percent fall in circulation since 2002.
-- Meanwhile, Peter Wuertenberger, MD for Axel Springer’s Welt/Berliner Morgenpost newspaper group, reported annual internet revenues are growing by 20 percent to 50 percent, depending on the website. (via AP)
Posted in: Countries, UK & Europe, France, Information, Biz & Fin, Media, Newspapers
