NYTCO: About.com Will Add To Earnings Ahead Of Schedule

About.com will be “additive” a year ahead of schedule, according to new 2Q06 guidance issued today by the New York Times Company. Translation: About.com, acquired by the Times for $410 million in 2005, is contributing more to earnings than the interest on its acquisition. Call it jargon for “very profitable.”
From the guidance: “Previously [the company] had forecast no dilution from About.com in 2006, and that in 2007 it would add to earnings. The Company now believes that it will be additive to earnings this year.” About’s May revenues were up 59 percent over May 2005; through May, the unit had brought in $30.5 million in revenues compared to $8.4 million through the first five months of 2005.
CEO Janet Robinson may have more to say about it during NYTCO’s NAA Mid-Year Media Review session at 3 p.m. eastern Tuesday. (Webcast.)

Related: NYTCO: Online Ad Rev Up 26.9 Percent In May; About Up 59 Percent; TimesSelect Update

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