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Business in the Burbs

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Archive for the 'Revenue' Category

The Journal News cuts 12 jobs amid ad slowdown


The Journal News cut 12 jobs today citing further erosion in ad revenue from retail, housing, automotive and employment sectors of the economy.

The cuts were part of a larger plan by the newspaper’s parent company, Gannett Co. Inc., to eliminate 1,000 jobs across the company’s 84 news properties in its Community Publishing division, which includes The Journal News and LoHud.com.

The number of positions eliminated at each newspaper was determined locally, McLean, Va.-based Gannett said.

Posted by David Schepp on Thursday, August 14th, 2008 at 4:36 pm |
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Haights Cross narrows quarterly loss


Haights Cross Communications Inc., a White Plains-based educational and library publisher, today reported a net loss of $9.8 million during the first quarter, less than the net loss of $12.4 million a year earlier.

Revenue of $51.8 million fell 2.1 percent from a year earlier, reflecting declines in the company’s K-12 supplemental education and medical education segments that were partially offset by revenue growth in test-prep and intervention and library segments, the company said.

In January, Haights Cross said it planned to sell its business, and a wind down of its operations began in March. That process is still ongoing, the company said.

Posted by David Schepp on Wednesday, May 14th, 2008 at 4:52 pm |
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.


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