The Electronic Publishing unit continues to lead the way at Dow Jones although its gains were offset by planned losseed for the WSJ weekend edition and continued decline at Ottaway. The EP results include:
– revenue of $134.2 million, up 32.9 percent over 4Q05 driven the MarketWartch acquisition and increased revenues across the board.
– operating income of $29.5 million, up 85.6 percent. Again, some of the bhump comes from folding in MarketWatch.
– 22-percent operating margin, up from 15.7 percent in 4Q04.
– paid subs for Journal Online increased 7.9 percent to 768,000 from 4Q04.
The gains helped lead the company to an earnings increase for the quarter — 49 cents compared to 43 cents on a diluted basis — but weren’t enough to stem a loss for the year of 98 cents per share after special events compared to $1.21 per share in 2004.
Update:According to DJ, Barron’s Online, launched as a standalone earlier this month, has more than 45,000 paid subscribers — most of them from the $20 add-on option for WSJ.com subs. DJ has had success converting open house vistors into Online Journal subs and now will try the same tactic with Barron’s Feb. 11-18, opening the site for free access.
Earnings release | Charts | Webcast (10 a.m. eastern)
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