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Nielsen Down 6%, but Media Properties Slide 30%

Operating income for the Reporter, Billboard, Adweek down more than 70 percent.

Nielsen announced its first half financial results today. The company, which publishes television ratings and magazines including Billboard and the Hollywood Reporter, reported quarterly revenues of $1.28 billion, a 6 percent slide.

 

Through the first six months of the year, the company’s revenues were also down 6 percent.
 
Operating income was up slightly, despite taking a $27 million hit in restructuring costs during the first half.

 

But quarterly revenue for Nielsen Business Media, which includes Billboard, Adweek and the Hollywood Reporter, fell more than 30 percent to $91 million. Operating income was down more than 70 percent.

 

“There’s absolutely no top-line movement,” said Brian West, Nielsen’s CFO, during a conference call. The problems with its publications, he said, are the same as those in the broader B-to-B publishing industry, which is in decline.

 
The company posted a quarterly net loss of $9 million, compared to a $15 million profit last year.
 
Revenues for its media segment, which includes its television audience and Internet ratings services, rose about 10 percent to $475 million during the second quarter; revenue for its market research businesses — roughly $661 million — slid 10 percent.
 
West said that he’s hopeful of a comeback for the company’s trade shows, and stability in Nielsen’s other businesses. “It’s really a print publishing issue.”