Earnings: France's Hi-Media Still Expects Strong Ads Growth

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As most online and offline publishing businesses were busy laying off staff and downsizing their operations, French online publisher and technology company Hi-Media saw a “very sharp” 23.2 percent rise in revenue in H208 despite the slowdown in online advertising spend. The company, which publishes entertainment, news and women’s interest sites and owns Fotolog, made

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Probably you don't know that they laid off 15% of the workforce during last months… Unfortunatley situation is the almost the same for AOL, Yahoo or Hi-Media. And see that there is a 700 000€ provision for that mentioned in last PR

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