Ziff Davis revenue slides 11% in fourth quarter

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New York—Reflecting the sharp downturn for tech print products, technology publisher Ziff Davis Monday reported that its fourth-quarter revenue fell 11% to $58 million, from $65 million in the same period a year earlier.

Print revenue for the period was down 20%, while online revenue grew 24% and event revenue rose 38%.

Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) was $8.4 million for the fourth quarter, down 47% from $16 million a year earlier, mostly due to the erosion in print revenue.

For the full year, revenue fell 8% to $188 million, from $205 million in 2004. EBITDA for the full year declined 50% to $17 million. EBITDA losses of $3 million were attributed to the closing of consumer titles Sync and Extreme Tech magazines.

—Matthew Schwartz 

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