3 posts and columns on media business

Ad Giant Omnicom: Stimulus Spending Could Boost Media by End of the Year

in Media on April 27, 2009 at 11:23 am PT

Ad giant Omnicom reported that its revenue dropped 14 percent and profits declined by 21 percent in the last quarter, but investors are bidding up the stock in a down market. That’s presumably because the profit slump isn’t as bad as Wall Street expected. But maybe investors are buying some of the optimism CEO John Wren doled out–sparingly–during the company’s earnings call: He thinks stimulus spending could lead to more advertising spending by the end of the year.
crater

Washington Post Turns in Another Lousy Quarter. But It Could Have Been Worse

in Media on October 31, 2008 at 6:26 am PT

The Washington Post Company’s Q3 report card is bad. But it’s better than the last one the troubled newspaper and education company earned. And yes, you have to be in the media business to look at a seven percent yearly decline in revenue, which is what Wapo’s newspaper group recorded, as a positive. But that decrease is indeed better than Q2, when newspaper revenues were down 13 percent.