ZIFF Davis rev. increases for quarter and year; new "PC mag." edition.Ziff Davis Ziff Davis Inc. (ZD) is an American magazine publisher and Internet Information company. It was founded in 1927 in Chicago by William B. Ziff, Sr. and Bernard G. Davis. Throughout most of its history, it was a publisher of hobbyist magazines, often ones devoted to expensive, Holdings (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ), the parent of Ziff Davis Media (Ziff Davis Media Inc., New York, www.ziffdavis.com) A leading integrated media company that serves the computer, videogame and consumer lifestyle markets. Its offerings include PC Magazine and the PCMag.com Network, which includes PCMag.com, ExtremeTech. , reported revenues of $59.7 million for the fourth quarter of 2003, a 6% increase over the $56.3 million reported in the period in 2002. In a statement limited in scope, the company said it had EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become for the quarter of $17.3 million, a 32.1% increase over the $13.1 million reported in 2002. Consolidated revenues for the year ending Dec. 31, 2003 totaled $194.1 million, an increase of 2.1% compared to the $190.2 million In revenues reported for 2002. The company is comprised of two main units. The Developing Business segment (Ziff Davis Development Inc. & Ziff Davis Internet Inc.), which includes Baseline, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. Insight and Sync, a consumer title that will premier this summer, had revenues of $11.2 million for the 2003 fourth quarter, an 83.6% increase compared to the $6.1 million reported in the 2002 period. Revenues for the Established Business segment (Ziff Davis Publishing, including PC Magazine, eWeek and the Game Group: Electronic Gaming Monthly Electronic Gaming Monthly (often abbreviated to EGM) is an American video game magazine. It is published by Ziff-Davis as part of the 1UP Network and releases 12 issues a year (and an occasional extra "13th" issue for the Christmas season, also known as the , XBox Nation magazines and other consumer titles) for the fourth quarter fell 3.4%, going from $50.2 million in 2002 to $48.5 million. In related news, Ziff Davis will begin the publication of PC Magazine (Serbia) with an issue in April. The new title will be produced monthly for 12,000 "buyers and influencers of technology products and services in the local markets" of Serbia. A majority of editorial will be staff written. Ziff Davis now publishes editions of PC Mane in 44 countries. |
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