Wall Street Journal publisher Dow Jones has posted a 25% jump in earnings for its second quarter, as a rise in newspaper sales offset continued ad misery.
The company’s net income totalled $54 million (€54.5m; £34.8m), up from $43.2m in Q2 2001. However, revenues sank 14% to $417m as ad volume tumbled 21%.
Advertising is expected to be down at least 8% in the third quarter, prompting Dow Jones to predict it will miss previous earnings guidance.
Data sourced from: New York Times; additional content by WARC staff