The continued growth and expansion of the Knight Ridder’s online and other print businesses is “encouraging,” Knight Ridder Chairman and CEO Tony Ridder said in today’s 2Q05 earnings release. Advertising revenue at Knight Ridder Digital was up 52.7 percent for the quarter and 55.1 percent YTD. CareerBuilder network revenue of $121.3 million was up 78 percent year to year. The company does not break out Knight Ridder Digital financials.
Overall, the company reported a 13.8 percent decrease in net income, to $74.4 million from $86.3 million in 2Q04. Total ad revenue was $604.2 million, up 2. percent year over year. Operating revenue of $761.5 million was up 0.2 percent but total operating profit dipped 7.5 percent to $143.3 million from $155 million in 2Q04.
Earnings release | Webcast (2 p.m. Eastern live, replays for seven days)
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