(Reuters) - Lee attributed the decline in profit and revenue to a slump
in real estate, automotive and national advertising at its
daily newspapers.
But the company pointed to 60 percent online growth during
the quarter as a bright spot, saying the Internet now accounts
for nearly 8 percent of advertising revenue and had surpassed
the contribution of national advertising.
Read more at Reuters.com Market News
in real estate, automotive and national advertising at its
daily newspapers.
But the company pointed to 60 percent online growth during
the quarter as a bright spot, saying the Internet now accounts
for nearly 8 percent of advertising revenue and had surpassed
the contribution of national advertising.
Read more at Reuters.com Market News
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