×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

ZIFF DAVIS SEES STEEP DROP IN QUARTERLY EARNINGS

Published on .

(Aug. 10, 2001) -- Troubled tech publisher Ziff Davis Media reported results for its principal division, Ziff Davis Publishing Holdings, for the quarter ended June 30 that, even in today's economy, are almost singular in their ugliness.

Earnings before interest, taxes, depreciation and amortization were $3.5 million, down from $32.4 million the year previous. Revenues dropped to $78.9 million from $125.6 million. Ad pages declined 47.5%.

The company also said it had begun initiatives that would reduce its workforce by 23%. -- Jon Fine

Copyright August 2001, Crain Communications Inc.

In this article:
Most Popular