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Monday, April 27, 2009

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

craterAd 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.

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Friday, October 31, 2008

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

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.

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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