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BUSINESS
March 27, 2013 | By Stuart Pfeifer
The prospects of Twitter's highly anticipated initial public offering just got a little brighter. Research firm eMarketer increased its forecast for Twitter's ad revenue this year and said the popular social media company could haul in close to $1 billion in 2014. The upward projection comes as Twitter's mobile advertising skyrockets, eMarketer's report said. Mobile devices will account for about 53% of Twitter's ad revenue this year, eMarketer estimated. By 2015, Twitter is expected to pull in $1.33 billion in worldwide ad revenue, more than 60% of which will come from mobile advertising.
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BUSINESS
April 23, 2014 | By Chris O'Brien and Andrea Chang
Talk of Silicon Valley losing steam was put on hold as two technology titans, Apple Inc. and Facebook Inc., tallied better-than-expected quarterly earnings and revenue. Apple's stock climbed more than 7% in after-hours trading after it reported that sales of iPhones blew past Wall Street's projections. Facebook's shares spiked 4% after it said ad revenue rose 82% year over year. Although many tech stocks slid in recent weeks, the robust financial results demonstrated that, at least for now, the underlying businesses of these two leading companies remain strong.
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BUSINESS
June 18, 2011 | By Meg James, Los Angeles Times
Boasting popular sporting events and original entertainment shows, cable programmers long ago surpassed the broadcast networks in viewers. Now they are beginning to close the advertising-revenue divide. "For the first time, the cable upfront take will be greater than the broadcast upfront," Bill Koenigsberg, chief executive of Horizon Media, said this week at the National Cable & Telecommunications Assn. convention in Chicago. This year, many top cable channels, including Time Warner's Turner networks, have been able to raise their ad rates more than 10% in the so-called upfront market, the period when advertisers commit to buying the bulk of the commercial time for the upcoming TV season.
ENTERTAINMENT
April 5, 2014 | By Scott Collins and Meredith Blake
The scramble to succeed late-night host David Letterman has talent handlers and Las Vegas oddsmakers shouting their picks from the sidelines. Politicians are squabbling over whether his replacement should be based in Los Angeles or New York. But those issues may be the least of the worries for CBS, which must program for a vastly different TV landscape than when it hired Letterman away from NBC 21 years ago to launch its "Late Show" franchise. The late-night field is more crowded, profits aren't what they used to be, and the audience is now a lot older.
BUSINESS
November 15, 2011 | By Meg James, Los Angeles Times
A year that began with a bang was interrupted by a quake, and now is ending with a whimper. Next year is projected to be better — but not for everybody. The March earthquake and tsunami in Japan, which put a months-long halt to automobile production, combined with a moribund job market and a steady drumbeat of bad economic news to slam the brakes on television advertising sales. Early in 2011, economists predicted that TV advertising revenue in the U.S. would increase 6% this year to an all-time high.
BUSINESS
December 23, 2013 | By Jessica Guynn
SAN FRANCISCO -- With investors hoping Facebook and Twitter can ramp up their advertising revenue, the companies' stocks surged Monday to record highs. Facebook gained nearly 5% to $57.77, while Twitter shot up almost 8% to $64.54. Facebook's stock price has more than doubled this year. Twitter has nearly doubled since its initial public offering early last month. Investors are seizing on the momentum of the companies' ad revenue. Research firm EMarketer says both companies will expand their share of the digital ad market.
BUSINESS
April 3, 2013 | By Jessica Guynn
SAN FRANCISCO -- Is mobile clicking for Facebook Inc.? Facebook's initial public stock offering in May was dashed after the social network said it wasn't making "any significant revenue" from mobile even though more than half of its users checked the service on mobile devices. With its stock price plunging, Facebook Chief Executive Mark Zuckerberg acknowledged in September: "We've had a bunch of missteps" in mobile. But in the background, Facebook has already powered up the turbo boosters.
BUSINESS
January 19, 2000 | Greg Johnson
Online advertising revenue grew 148% to a record $1.2 billion during the third quarter, putting the industry on track toward $4.4 billion in 1999 revenue, the Internet Advertising Bureau said. Internet advertising revenue hit $1.92 billion in 1998, according to the New York-based group. Consumer-related ads generated 32% of total ad revenue during the third quarter, followed by computing (21%), financial services (19%), telecommunications (6%) and business services (5%).
BUSINESS
October 4, 2013 | By Jessica Guynn and Andrea Chang
SAN FRANCISCO - Fans of "Castle in the Sky" in Japan set a world record in August when they sent 143,199 tweets in a single second while watching a rerun of the 1986 anime classic on television. The social media frenzy that took place thousands of miles from Twitter's San Francisco headquarters underscored just how ingrained the microblogging service is in Japanese popular culture - and how much of an international phenomenon it has become. With more than three-quarters of Twitter's 218 million monthly active users hailing from outside the United States, Twitter has vast potential to turn that overseas popularity into a thriving advertising business, analysts say. Yet Twitter makes far more of its advertising revenue from Americans than from foreign users.
BUSINESS
September 27, 2005 | From Reuters
U.S. Internet advertising revenue grew 26% to $3 billion in the second quarter, driven by paid search listings and more sophisticated video and audio ads known as rich media, according to a study released Monday. The data provided by the Interactive Advertising Bureau and PricewaterhouseCoopers bolster the view that advertisers are spending more on the Internet as consumers devote more time to the Web and less to other media. Online ad revenue in the first half of the year also rose 26%, to $5.
BUSINESS
March 28, 2014 | By Walter Hamilton
Profit at Tribune Co., the parent of the Los Angeles Times and other newspaper, radio and television properties, fell sharply last year amid a further decline in newspaper advertising and a significant drop in earnings at its broadcast division. The Chicago media company reported net income of $241.6 million for the year, down 43% from $422.5 million in 2012. Total operating revenue fell 8% to $2.9 billion, with a 6% decline in publishing and an 11% drop in broadcasting. For the fourth quarter, revenue dropped $97 million, or 11%, to $773 million, partly because the quarter included one fewer week than the previous year's final three months.
BUSINESS
February 13, 2014 | By Jessica Guynn
SAN FRANCISCO -- Children's advocates are challenging a settlement in a class-action lawsuit in an effort to require Facebook to get explicit permission from parents before using the personal information - as well as the images, likes and comments - of teens in advertising on the giant social network. The advocates want the U.S. 9th Circuit Court of Appeals to vacate the Facebook settlement. They say the settlement violates the law in seven states including California that require parents' permission before a child's image can be used in advertising.
BUSINESS
February 3, 2014 | By Jessica Guynn
SAN FRANCISCO -- No pressure, Twitter. Fair or not, Facebook's blockbuster earnings last week has investors anticipating very good things from its social networking rival. Twitter on Wednesday will report its first quarterly results as a publicly traded company, giving investors a first glimpse of its progress in growing advertising revenue and its user ranks. Twitter shares have been on a tear since the company made its debut on the New York Stock Exchange in November. Shares have surged to their current trading price of $66 from $26. They jumped again at the end of last week after Facebook reported its fourth-quarter earnings on hopes that Twitter can pull a rabbit out of its advertising business the way Facebook has for three straight quarters.
BUSINESS
January 30, 2014 | By Jessica Guynn
SAN FRANCISCO -- Facebook's stock soared to a record high of $62.50 in midday trading Thursday, lifted by a wildly better-than-expected fourth-quarter showing, especially when it comes to clocking mobile advertising revenue. The giant social network, which turns 10 next week, said Wednesday that for the first time, more than half of its ad revenue came from mobile. And, at the end of 2013, more than three quarters of Facebook's 1.23 billion users logged in using their mobile devices at least once a month.
BUSINESS
December 27, 2013 | By Ricardo Lopez
Twitter is said to be flying too high and too fast. That's the opinion of Macquarie Research Equities, which downgraded Twitter stock Friday from "neutral" to "underperform," the firm said in a note. "We continue to believe that Twitter as a company has a bright future and many opportunities ahead," analysts said. "However, as a stock, we believe nothing has changed over the last 15 days to justify the rise in valuation. " Twitter Inc.'s shares have nearly tripled since its initial public offering last month, including big gains in recent days.
BUSINESS
December 23, 2013 | By Jessica Guynn
SAN FRANCISCO -- With investors hoping Facebook and Twitter can ramp up their advertising revenue, the companies' stocks surged Monday to record highs. Facebook gained nearly 5% to $57.77, while Twitter shot up almost 8% to $64.54. Facebook's stock price has more than doubled this year. Twitter has nearly doubled since its initial public offering early last month. Investors are seizing on the momentum of the companies' ad revenue. Research firm EMarketer says both companies will expand their share of the digital ad market.
NEWS
January 30, 1997 | PAUL D. COLFORD, SPECIAL TO THE TIMES
For magazines that publish early in the week, 1996 provided a 53rd Monday, giving them an extra opportunity to generate revenue. But even without the extra issue, the weekly heavyweights owned by Time Inc. would have been the top three finishers in advertising revenue last year. People was No. 1 (for the sixth straight year), pulling in an estimated $525.6 million, up 20.1% over 1995. Sports Illustrated, aided by the Olympic Games, was No. 2, with $522.1 million, up 19.8%.
BUSINESS
October 24, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Wall Street called on Facebook Inc. to show it can make money from mobile, and Facebook got the message. In swinging to a third-quarter loss of $59 million, the social networking giant for the first time disclosed how much revenue it took in from mobile advertising, reassuring investors that Facebook is figuring out how to capitalize on its growing numbers of users on smartphones and tablets. Facebook said ads on the smaller screen accounted for $153 million in revenue, or 14% of all advertising revenue.
ENTERTAINMENT
December 10, 2013 | By Ryan Faughnder
As television viewers increasingly watch shows days and weeks after they originally air, broadcasters are trying to get paid for more of those views. On Tuesday, CBS Corp. Chief Executive Leslie Moonves said advertisers are increasingly willing to pay for those audience members who watch via digital video recorders, video-on-demand and online streaming.  "We're getting closer to getting paid for every eyeball that watches our shows," said Moonves, speaking at the UBS Global Media and Communications Conference in New York.  It's common for ad companies to pay broadcasters for viewership generated live and within three days of an original telecast, and Moonves said some companies are now paying for viewers within seven days -- a metric the industry refers to as "C-7.
BUSINESS
November 20, 2013 | By Walter Hamilton
Tribune Co., the parent of the Los Angeles Times, unveiled a restructuring plan that will slash nearly 700 jobs over the next year. The 6% staff reduction will come primarily from the company's newspaper unit but will largely involve operations personnel rather than reporters and editors at its eight daily papers, Peter Liguori, Tribune's chief executive, said in an interview Wednesday. The restructuring is intended to help Tribune withstand the continuing decline in print advertising, which traditionally has been the lifeblood of the newspaper industry.
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