Year-end results from Penton, VNU and Reed Elsevier.Revenue for Penton Media Penton Media, Inc. (OTC: PTON.OB), founded in 1892, is a diversified business-to-business media company. Penton Media is a mass media corporation that publishes and produces over 40 magazines, 80 trade shows, and 47 web sites. (Cleveland Cleveland, former county, England Cleveland, former county, NE England, created under the Local Government Act of 1972 (effective 1974). It was composed of the county boroughs of Hartlepool and Teeside and parts of the former counties of Durham and , OH) in 2003 fell 12.3% compared to 2002, going from $235.1 million to $206.3 million last year. The company had a net loss of $87.8 million last year compared to a net loss of $286.2 million in 2002. Annual publishing revenues declined 10.6%, trade shows and conferences revenues declined 22% and online media revenues increased 9.2%. Penton's Industry Media segment (40% of Penton's '03 revenues) generated $82.3 million in revenues, a 10.8% decline compared to 2002. The Technology Media segment (32.7% of '03 rev.) generated $67.5 million in revenues, a 25.2% decline from 2002, while the Lifestyle Media segment (15.4% of rev.) had a 3% revenue increase to $31.8 million and the Retail Media segment (11.9% of rev.) showed a 14% improvement over 2002 ($24.6 million). VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User (Haarlem, the Neth.) reported 2003 revenues of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 3.88 billion, a decline of 9.2% from the EUR 4.275 billion reported in 2002. Net earnings for 2003 fell 23.5%, going from EUR 170 million in 2002 to EUR 130 million last year. The company said results were negatively affected by the weakness of the U.S. dollar against the euro, reorganization charges and a book loss of EUR 32 million from the sale of Claritas Europe. The ad market for its U.S. trade publications "is bottoming out," VNU said, but expects a further decline in ad revenue for its European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. trade publication titles. VNU's U.S. publishing properties had an ad revenue decline of 8% in 2003 compared to 2002. "All titles were affected," VNU said, especially those in the Music, Travel, Performance and Food & Beverage categories. 2003 ad revenues for VNU's European trade publications fell 20% compared to 2002. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. preliminary results, Reed Elsevier had 2003 revenues of 4.925 [pounds sterling] billion, a 1.9% decrease from the 5.02 billion [pounds sterling] reported in 2002. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for 2003 totaled 661 million [pounds sterling], up 30.4% from 2002's total of 507 million [pounds sterling]. The company said that revenues would have risen 1% at constant exchange rates. |
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