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Universal Music Group nearing its digital tipping point
For the world’s biggest music label, the days of revenue decline are over — and soon, it will be surviving mostly on digital money. Universal Music Group, home to Lady Gaga and U2, on Tuesday reported...
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Mail Online’s 2013 resolution: money for video
Mail Online has become the world’s most popular newspaper site thanks to its mix of titillating and accessible photo-led news stories. Now it plans to plough money in to video. Reporting full-year...
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Barnes & Noble earnings: Nook sales up as retail sales slide
Barnes & Noble reported second-quarter earnings for the period ending October 27 before the bell on Thursday morning. Revenues totaled $1.9 billion on losses of $0.04 a share — down 0.4 percent...
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Q4 Earnings roundup: Verizon, Apple move iPhones, Google gets clicks
It’s earnings season once again. We’ll organize all of our Q4 earnings stories from the major companies on GigaOM’s radar in this post. First up on Tuesday, Verizon, Google, and IBM, followed Wednesday...
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Same old Yahoo: why better earnings don’t equal a turnaround
Wouldn’t it be nice if you could just wish something into existence? That’s what some in the media seem to be doing in hailing Yahoo’s latest earnings report as evidence of a comeback. Yes, the numbers...
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Bezos: With ebook sales up 70% in 2012, Amazon has hit “transition” it expected
Amazon announced fourth-quarter earnings slightly below investor expectations Tuesday afternoon — but operating income, widely viewed by investors as an important measure of the company’s overall...
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Facebook beats analyst expectations, reports $1.58 billion in Q4 revenue
Facebook announced $1.58 billion in revenue Wednesday for the company’s fourth quarter, beating analyst estimates of $1.53 billion. Overall, the company reported $5.09 billion in revenue for 2012,...
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New York Times posts ho-hum numbers, slow digital growth [updated]
This story was updated at 12:05pm with details from the company’s earnings call, including the state of its dividend. The New York Times Company posted earnings on Thursday morning that show the...
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Barnes & Noble warns investors to expect more bad Nook news
It’s only been a couple of months since Barnes & Noble downgraded guidance for its Nook business. Now the company is doing so again. In a press release sent out after the market closed Wednesday,...
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Pearson: FT digital subs overtake print; ebooks hit 17% of global sales
Pearson released its 2012 annual report Monday. The company had worldwide revenues of £6.1 billion (USD $9.2 billion). Some digital highlights: As previously reported, Financial Times digital...
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Google hands in average earnings as CEO Page talks up future
Google’s results came in near expectations on Wednesday with core revenues of $11 billion and earnings per share of $11.58. The numbers, which don’t include the company’s Motorola division, also showed...
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New York Times issues soft earnings, plans “new strategy for growth”
The New York Times Company posted its latest earnings on Thursday morning, and the results show the company moving forward at a plodding pace. Its earnings per share came in at $0.04, excluding special...
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Losses mount at Washington Post ahead of summer paywall plan
The Washington Post Company posted bleak quarterly earnings on Friday. The newspaper division saw an operating loss of $34.5 million, newspaper division revenue fell four percent from a year ago, and...
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Fox sees “healthy growth” of home video market, thanks to digital downloads
Digital rentals and downloads through sites like iTunes and Amazon are the main factor in the healthy growth of News Corp’s home video business, News Corp president and COO Chase Carey said in the...
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As sales plunge, Barnes & Noble says it will stop making Nook tablets;...
Investors were expecting a bad earnings report from Barnes & Noble on Tuesday morning, and they definitely got it: Barnes & Noble’s Nook business lost a lot of money, dragging down the entire...
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Amazon reports loss on revenues of $15.7B; highlights Kindle success
In a quarter when Amazon’s stock price hit a record high, the company delivered a loss in its earnings report Thursday afternoon even as revenues rose. Earnings were -$0.02 per share, or a loss of $7...
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Ebooks now make up 33 percent of Penguin’s US revenue
Ebooks accounted for 33 percent of Penguin’s U.S. revenue in the first half of 2013, parent company Pearson reported Friday, up from 31 percent this time last year. Worldwide, ebooks made up 21 percent...
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New York Times earnings: Digital subs up, but not enough to keep revenue from...
The New York Times’s digital subscriptions were up in the second quarter of 2013, but not enough to keep overall revenue from slipping a bit, the company announced in its earnings report Thursday. For...
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Bad earnings for Barnes & Noble: Nook revenues plunge 20%; Riggio won’t take...
In the past quarter, Barnes & Noble’s CEO resigned, and the company announced it would stop manufacturing tablets in-house as a way to cut heavy losses in the Nook division. So investors and others...
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Digital now makes up 11.3% of Hachette’s revenues worldwide, and 20% of...
Lagardére, parent company of book publisher Hachette, and Bertelsmann, parent company of book publisher Random House, both announced financial results for the first six months of 2013. Of the two,...
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