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Ziff Davis reports 15% EBITDA growth in first quarter

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New York—Ziff Davis Media reported Monday that its first-quarter consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) increased 15% to $3.1 million from $2.7 million in the year-earlier period. The increase was primarily due to growth in Ziff's digital business.

Revenue for the first quarter totaled $32.7 million, down from $40.3 million from a year earlier. Excluding revenue from closed publications (Extreme Tech, GMR, Official U.S. PlayStation, Sync and XBOX Nation) revenue fell $4.3 million.

Revenue for Ziff's Consumer/Small Business Group, which includes PC Magazine, fell 17%, to $11.3 million, from $13.6 million a year earlier. Revenue for Ziff's Enterprise Group, which includes Baseline, eWeek and CIO Insight, declined 5% to $16 million, from $16.8 million in last year’s first quarter.

—Matthew Schwartz

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