America’s number two newspaper group Knight Ridder announced on Monday Q3 results in accord with analysts’ expectations, buoyed by an increase in advertising revenues.
Net profits for the quarter were $55.5 million (€56.64m; £35.79m), or 67 cents per share, compared to $55.7m (65 cents) a year earlier.
Total advertising revenue dipped 0.1% against a year earlier, although the figure rose 2.2% in September thanks to a 4.2% rise in retail slots and an increase of 5.2% in the ‘general’ category. This represented KR’s largest monthly increase since October 2000.
Data sourced from: Financial Times; additional content by WARC staff