Well, the usual litany: the print side is not doing well, but the digital media side is. it posted a 68 percent drop in quarterly profit, hurt by sluggish advertising at the magazine. It posted a profit of $4.6 million, down from $14.5 million a year earlier.
Not many separate details on the online and mobile performace (surprising since they used to do it previously), but profit from TV and the Internet fell 19 percent to $11.9 million as U.S. TV revenue fell. Revenue, buoyed by international TV and online subscriptions, rose 6 percent to $56.3 million.
CNNMoney.com: Dennis McAlpine, an independent media analyst, said that as long as Playboy can make sure that its magazines don’t lose a lot of money then the company should be in good shape going forward since it still has a lot of opportunities to increase sales through its small, but growing, online and wireless content units.
More details in the earnings release.
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