August 12, 2016 |
'Sooner or later, we are either going to have to pay for journalism or we are all going to pay for it," John Oliver warned in his HBO show Last Week Tonight . On Sunday, Oliver took aim at the declining newspaper industry in the United States, citing diminishing advertising revenue as the Fourth Estate's death knell if people continue not buying subscriptions. Between 2004 and 2014, online ad revenue generated $2 billion in profit, Oliver said, while print ad revenue fell by $30 billion.
August 9, 2011
Entercom Communications Corp., the Bala Cynwyd-based radio-station owner, said second-quarter revenue fell 1 percent, to $104.7 million. The financial results were released late Monday. Shares were down 24 cents, to $6.04 in Tuesday afternoon trading. A onetime income tax benefit for the quarter that ended June 30 boosted net income to $48.7 million, or $1.29 per share, from $14.3 million, or 38 cents a share, a year earlier. Adjusted income fell 11 percent, to 31 cents per share.
July 11, 2012 |
If June revenue numbers released Tuesday by the New Jersey Division of Gaming Enforcement are a barometer of how well a casino will perform in the slower winter months in Atlantic City, then the new Revel is in trouble. June is a peak month at the Jersey Shore resort, and the mega casino generated $14.9 million on total gambling revenue, ranking it 8th among the city's dozen gambling halls for the third consecutive month since it debuted April 2. By comparison, market leader Borgata pulled in $53.3 million last month, about three and a half times more than Revel.
April 24, 2016 |
American Airlines flew into headwinds with investors Friday. Shares traded down $1.80 to close at $38.21 after Philadelphia's largest carrier reported a first-quarter profit that beat estimates, but analysts and investors worried about the company's near-term revenue guidance. The world's largest airline by passenger traffic earned $700 million, or $1.14 a share, down from $932 million, or $1.39 a share, a year earlier. Passenger unit revenue, the amount for each seat mile flown and a key industry measure, declined 7.5 percent in the three months ended March 31. American predicted a similar drop - between 6 percent and 8 percent - in the second quarter.
November 29, 2011 |
New Jersey Turnpike revenue for the year through October was $47.1 million below forecasts, Bloomberg News reported. It said the turnpike authority collected $934 million in the first 10 months of 2011. Officials said, according to Bloomberg, that bad weather and high gasoline prices contributed to reduced use of toll roads by motorists. - Inquirer staff
February 26, 2004 |
The continued soft labor market kept revenue down at CDI Corp., a national staffing company based in Philadelphia. The economy's gains in the third and fourth quarter "did not translate into any real improvement in our business," chief executive officer Roger H. Ballou said in a conference call yesterday to announce fourth-quarter and full-year results. Annual revenue fell from $1.2 billion in 2002 to $1.1 billion last year, although the company swung from a loss of $9.4 million a year ago to a profit of $22.5 million.
September 6, 1995 |
Reds owner Marge Schott is about $3 million behind in payments to Cincinnati for home-game revenues, the city manager said yesterday. John Shirey told the City Council that Schott is withholding the money until she gets a new lease for Riverfront Stadium. Schott also wants a new baseball-only stadium downtown. Shirey told the council that Schott had not paid the city its share of revenues from admissions, concessions and program sales since August 1994. A team spokesman said that Schott would have no comment.
November 11, 2012 |
ATLANTIC CITY - Hurricane Sandy walloped the dozen casinos here, which reported a nearly 20 percent decline last month in total gambling revenue compared with October 2011. The 12 casinos, which were shut for four-plus days after Gov. Christie ordered their closure as the storm approached, reported $209.4 million in casino revenue, down from $261.4 million a year ago, according to figures released Friday afternoon by the state Division of Gaming Enforcement. Most of the 12 casinos reopened Nov. 2, after Gov. Christie lifted the evacuation order.
May 11, 2011
InterDigital Inc., a King of Prussia wireless communication company, today forecast that its second-quarter revenue would be down by about $9.5 million, or 12 percent, from the first quarter. It projected revenue for the quarter, which will end on June 30, of $69 million compared with $78.5 million in the first quarter. The projection is down $22 million, or 24 percent, from the second quarter last year. InterDigital said the decline is caused by a drop in revenue from customers in Japan, possibly a result of the March 11 earthquake and tsunami, plus a reduction in past sales and lower revenue from an existing customer that changed its contract terms.
August 23, 2010
Medical device company Kensey Nash Corp., of Exton, said income for the quarter ended June 30 was up 25 percent to $5.9 million, or 60 cents per share, on revenue of $21.9 million. That compares with $4.7 million, or 41 cents per share, on $20.5 million in revenue a year earlier. The latest results were for the company's fiscal fourth quarter. Company shares jumped on the news. They were up $1.42, or 6.2 percent, to $24.28 in early afternoon trading. Full-year results had lower earnings but better results per share.