YPG, SuperMedia Both See Revenue Declines

Over the past several days both Yellow Media (YPG) and SuperMedia posted Q1 results. SuperMedia revenues were $363 million, down 17% vs. a year ago. However company margins improved due to tighter expense management. Net income was up 107% compared with the same period last year.

Yellow Media took a $2.9 billion goodwill impairment charge, similar to what AT&T did in Q4 last year. Print declines largely were responsible for 17.3% lower revenues for the Canadian yellow pages publisher.

Yellow Media revenues were $289.1 million vs. $349.4 million in Q1 2011. Online revenues were $85.9 million vs. $83.2 million in 2011, growth of 3.2%.

Much like the newspaper industry it’s clear that online revenues are not compensating for losses in print revenue.

You can follow any responses to this entry through the comments feed.

3 Responses to “YPG, SuperMedia Both See Revenue Declines”

  1. mark McCormack says at

    Interesting.  From what I recall, a few years ago, online was not compensating for lost  print revenue BUT it was propping up valuations somewhat.  Based on the significantly high(er) cost of print products, can these companies ever hope fully replace print revenue with online revenue? 

  2. Greg Sterling says at

    Probably not.

  3. Mike says at

    Revenue, maybe. Profit margins, no.

Leave a Reply