Nielsen generated $29 million from first-quarter divestitures

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New York—Nielsen Co., which has nearly completed its exit from trade publishing, said Friday that it received $29 million from divestitures in the first-quarter quarter. The company said it recorded a net loss of $3 million associated with the deals.

In addition to the sale of a box-office tracking business, these divestitures included the sale of Nielsen Business Media’s retail food group to Stagnito Media and the sale of its travel group to Northstar Travel Media.

Overall, Nielsen reported revenue of $1.2 billion in the first quarter, an increase of 9% compared with the same period last year. Its operating income totaled $132 million for the quarter, also an increase of 9% over the same period last year.

Nielsen said its exhibitions unit recorded revenue of $49 million in the first quarter, a decrease of about 10% compared with the same period last year. Operating income for the unit, however, increased by almost 33% to $19 million.

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