Comscore is 'exploring all strategic options' after missing on revenue

Comscore, its stock already approaching all-time lows, missed expectations of flat revenue with a 4.4 percent decline last quarter. The media measurement company’s interim CEO said on a Tuesday earnings call after market close that it’s “exploring all strategic options.” The stock already has fallen 85 percent since CEO Bryan Wiener and President Sarah Hofstetter abruptly resigned at the end of March in a dispute with the board, shedding more than $1.2 billion in market capitalization. About $300 million of that slide has come since the company announced a deal by which it got a $20 million cash infusion from Cayman Islands-based fund CVI Investments, which could ultimately give that fund a 20 percent stake in the company. On Tuesday’s call, Comscore executives explained the need for that deal: to meet stepped-up requirements for $40 million in cash on hand under a prior financing arrangement amid a cash drain last quarter. In response to analyst questions on whether Comscore would consider selling its growing and market-dominant movie box office measurement business or its declining syndicated digital audience measurement business, interim CEO Dale Fuller said, “We are exploring all strategic options.” He added that investment bank Goldman Sachs, which helped handle the CVI investment, continues to work with Comscore on other matters. Comscore has been subject to considerable takeover speculation since Wiener and Hofstetter left – albeit not enough to lift a steadily... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-08-07 00:08:01 UTC ]
News tagged with: #private-equity firms #high priority #providesmarketing data #advertising agencies #rough run #things don #slightly higher #stem decline #cross-platform measurement #movie reporting #measurement relationship #three-firm market #ongoing securities #helped push #quarterly loss #nielsen

Other Publishing stories related to: ' Comscore is 'exploring all strategic options' after missing on revenue '


Comscore is 'exploring all strategic options' after missing on revenue

Comscore, its stock already approaching all-time lows, missed expectations of flat revenue with a 4.4 percent decline last quarter. The media measurement company’s interim CEO said on a Tuesday earnings call after market close that it’s “exploring all strategic options.” The stock already has... Continue reading at Advertising Age

[ Advertising Age | 2019-08-07 00:08:01 UTC ]
More news stories like this | News stories tagged with: #private-equity firms #high priority #providesmarketing data #advertising agencies #rough run #things don #slightly higher #stem decline #cross-platform measurement #movie reporting #measurement relationship #three-firm market #ongoing securities #helped push #quarterly loss #nielsen


Lt. Gov. Justin Fairfax says he won't step down as Virginia Democrats explore options

Democratic Lt. Gov. Justin Fairfax said he will not step down and will preside over the Virginia Senate on Monday regardless of any attempts to remove him from office amid allegations that he sexually assaulted two women. In a telephone interview with the Washington Post on Sunday night as fellow... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-02-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #sexually assaulted #telephone interview #sunday night


BuzzFeed is laying off 100 workers, 8% of its U.S. employees, after missing revenue target

Digital media company BuzzFeed said it is laying off 8% of its U.S. employees, or 100 workers, as it changes its business model in a bid to boost revenue. It's also cutting an unspecified number of jobs in Britain. The company has 1,700 employees worldwide. A spokeswoman for New York-based... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-29 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business model #boost revenue #unspecified number


Rights’ Impact: ‘Explore and Maximize Additional Revenue Streams’

International rights directors at two UK book publishers survey the continued importance of rights to an industry in search of new revenue channels. The post Rights’ Impact: ‘Explore and Maximize Additional Revenue Streams’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-03-28 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post rights


BuzzFeed cuts projected revenue by half after missing 2015 financial target

The digital media company is ‘very comfortable’, it told the Financial Times, despite a report that internal financial targets were missed by over $80mBuzzFeed missed internal financial targets in 2015 and had to substantially cut its projected revenue by about half according to a report... Continue reading at The Guardian

[ The Guardian | 2016-04-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #report published


IAB Explores Its Options to Fight Ad Blockers, Including Lawsuits

As the digital media and advertising industries come to grips with the rise of ad blocking, so is one of the industry's more prominent organizing bodies.A month before Apple revealed in June that later this year it would enable ad blocking on its mobile Safari browser, the Interactive... Continue reading at Advertising Age

[ Advertising Age | 2015-09-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #apple revealed #scott cunningham #senior vp #general manager #trade organization


Time Inc. Eyes Candidates for Chief Revenue Officer, Mulls Cost-Cutting Options

You might think December would be the calm before the storm at Time Inc., which is, to say the least, expecting an eventful 2014. But CEO Joe Ripp is busy this month too.The company, which publishes magazines including People and Sports Illustrated, is slated to spin off from parent Time Warner... Continue reading at Advertising Age

[ Advertising Age | 2013-12-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #people familiar #sports illustrated #recently interviewed


Barnes & Noble shares under pressure as company explores Nook ebook business options

Barnes & Noble shares under pressure as company explores Nook ebook business options Continue reading at MarketWatch.com

[ MarketWatch.com | 2012-01-05 00:00:00 UTC ]
More news stories like this |


HMV "pursuing strategic options" for Waterstone's

Written By: Graeme Neill Publication Date: Fri, 25/03/2011 - 09:45 HMV Group has said it is "pursuing strategic options" for Waterstone's, as speculation builds about the future of the business. It had been reported this week that Waterstone's parent had been in discussions with banks over its... Continue reading at The Bookseller

[ The Bookseller | 2011-03-25 00:00:00 UTC ]
More news stories like this |


Bloomberg Media Fills Chief Revenue Officer Role, Accelerating Ad Revenue Growth

The business news publisher Bloomberg Media has hired digital media executive Christine Cook as its first chief revenue officer, Adweek can exclusively report. The publisher had previously hired Keith A. Grossman, who left in 2019, as global chief revenue officer. Before him, Paul Caine held the... Continue reading at AdWeek

[ AdWeek | 2023-03-17 11:28:40 UTC ]
More news stories like this | News stories tagged with: #digital media #news publisher


Michele Norris Explores Race and Identity In a New Book on the Race Card Project

The journalist spoke to the 951 booksellers attending Winter Institute about the Race Card Project, which she launched 14 years ago, and how it has evolved into a much-needed dialogue about both race and identity in the U.S.—and a new book, 'Our Hidden Conversations.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-02-14 05:00:00 UTC ]
More news stories like this | News stories tagged with:


A father goes missing. Then a brother too. In this 'Great Forest,' a fraught return home

The debut novel from Leo Vardiashvili, 'Hard by a Great Forest,' has its commercial trappings but ultimately lands with lyrical and heartbreaking resonance. Continue reading at Los Angeles Times

[ Los Angeles Times | 2024-01-31 18:43:16 UTC ]
More news stories like this | News stories tagged with: #debut novel


4 New Books That Explore Geopolitics

From the southern border of the U.S. to the lithium mines of China, the island nation of Haiti to the Golden Triangle of Southeast Asia, these four new explore how geopolitics shape history and conflict throughout the world. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-01-25 05:00:00 UTC ]
More news stories like this | News stories tagged with: #southern border #southeast asia


Year End: Cambridge University Press Reports Record £1 Billion in Revenue

England's merged Cambridge University Press & and Assessment reports record revenues and numbers of users in 2022-2023. The post Year End: Cambridge University Press Reports Record £1 Billion in Revenue appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2023-12-12 20:15:01 UTC ]
More news stories like this | News stories tagged with: #revenue appeared #year end #cambridge university press


Why AI, revenue diversification and ad spend are the defining 2024 trends for media companies

Will Barker, manager, strategic customer success, BlueConic The media and publishing industry is constantly evolving. With this, it’s often difficult to keep up with the latest trends, especially with fast-evolving technologies emerging all the time and ripple effects remaining from the global... Continue reading at Digiday

[ Digiday | 2023-12-05 15:08:37 UTC ]
More news stories like this | News stories tagged with: #media companies #revenue diversification #ad spend #constantly evolving #latest trends #global pandemic #publishing industry


Adweek Builds New Executive Team, Naming Former People GM Zoë Ruderman Chief Content Officer and Former Condé Nast Executive Drew Schutte Chief Revenue Officer

Adweek, the leading source of news, insights and intelligence for the marketing and advertising industry, today announced it has hired former Vice President and General Manager of People, Zoe Ruderman as Chief Content Officer and Drew Schutte, former executive at Conde Nast titles The New... Continue reading at AdWeek

[ AdWeek | 2023-11-30 19:30:00 UTC ]
More news stories like this | News stories tagged with: #executive team #advertising industry #today announced #vice president #general manager #conde nast


Jaci Updike Is Penguin Random House's First Chief Revenue Officer

The PRH sales veteran has been promoted to the newly created position of chief revenue officer, from president of sales and marketing, at Penguin Random House U.S. The division's Jeff Weber and Michael Rotondo also received promotions. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-11-09 05:00:00 UTC ]
More news stories like this | News stories tagged with: #penguin random house


How web-based vertical video players can unlock new publisher revenue

Shachar Orren, co-founder and Chief Marketing Officer, EX.CO In recent years, Meta, TikTok, Twitch and even Pinterest have encouraged digital publishers to create vertical content to adhere to their platforms’ standards for engagement driven by our vertical mobile device screens. In response,... Continue reading at Digiday

[ Digiday | 2023-10-24 13:02:04 UTC ]
More news stories like this | News stories tagged with: #digital publishers


Scholastic Offers Option to Exclude Diverse Books from Book Fairs

Scholastic has separated out LGBTQ books and BIPOC books into an optional add-on box in a policy some are calling a "bigot button." Continue reading at Book Riot

[ Book Riot | 2023-10-16 14:39:10 UTC ]
More news stories like this | News stories tagged with: #book fairs #lgbtq books #bipoc books #scholastic


Hachette Book Group Reports Third Quarter Revenue Dip

CEO Michael Pietsch said the 5.2% decline was attributable to "a lighter publication schedule" compared to the same period last year and "a downward trend" in the overall publishing market. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-10-16 04:00:00 UTC ]
More news stories like this | News stories tagged with: #2% decline #downward trend #publishing market #book group