Canadian Magazine Industry News
8 December 2010,     MONTR´┐ŻAL
Transcontinental net income up in fourth quarter
Transcontinental’s revenue remained steady at $570 million for its fourth quarter, which ended October 31 versus the same period in 2009. It reported its end of year revenue as $2,091.6 million, down from $2,169.8 million for the same period last year.

Net income was up in the quarter, sitting at $44.5 million from $43.1 for the same period in 2009. Its final net income for the fiscal year is also up considerably from 2009. It is $166.6 million versus -82.3 million in 2009.

Total revenues for digital operations within the company’s media sector were up 33.8% over 2009, thanks both to the success of its mobile applications, such as The Hockey News and the launch of a digital advertising house for magazine advertisers.

Transcontinental said its future growth will be based on its ability to offer web-based personalized advertising, interactive and marketing solutions. To this end, the company changed the name of its marketing sector to the interactive sector this fall and purchased integrated mobile solutions companies LIPSO and Vortex Mobile.

— V.M.
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