AMI saw a 7 percent decrease in expenses, according to chief financial officer Dean Durbin, who attributed the strong results to cost-reduction and revenue-enhancement goals outlined in AMI’s “management action plan” in February 2007.The turnaround comes at a particularly interesting time for AMI. In December, a sale of the company to Ron Burkle’s Source Interlink was reportedly imminent, but has stalled in 2008.Last month, the company swapped CFOs, with Durbin, a former CEO at Vertis Communications and a b-to-b publishing veteran of Thomson and McGraw-Hill, becoming AMI’s sixth CFO in four years. American Media Inc., a company whose troubles making financial filing deadlines are well documented, has reported strong earnings for third quarter of fiscal year 2008.According to AMI’s filing late last week, revenue for the third quarter of fiscal year 2008 was $115 million, as compared to $107 for the same period in 2007—a 7 percent increase. For the nine months ended December 31, 2007, revenues were $368 million, compared to $346 million in the prior year—a 6 percent increase. The publisher of Star, National Enquirer, Shape and Men’s Fitness attributed the boost to increases in advertising and newsstand revenue. According to Publishers Information Bureau (PIB) figures, Shape’s ad pages increased by 13 percent in 2007, Star and Men’s Fitness by 25 percent. AMI’s reported operating income for the third quarter of fiscal year 2008 was $17 million, compared to a loss of $302 million in the third quarter of fiscal year 2007. (For the nine months ended December 31, 2007, operating income was $75 million, as compared to a loss of $275 million in the prior year.) The company also doubled its EBITDA for the third quarter of fiscal year 2008 was $24 million, as compared to $12 million in the third quarter of fiscal year 2007. For the nine months ended December 31, 2007, EBITDA was $95 million, as compared to $56 million in the prior year period.
That’s because small ad networks can aggregate traffic that was previously too difficult, costly or undesirable to aggregate, the report says. (According to the report, the top 100 publishers sell only 40 percent of their online inventory directly, leaving the rest to be chopped up and sold through ad networks or exchanges.) “In a world without ad networks, few online publishers would be able to sell their online advertising inventory.”The future, according to DeSilva + Phillips, lies in ad exchanges: “There is still a lot of ungathered and unsold inventory, and ad exchanges offer considerable scale to advertisers while remaining too small to attract Google or Yahoo!’s attention as bolt-on additions.”All of this means M&A opportunity for those operating small-to-mid-sized ad networks. During 2007, activity approached $2 billion for 10 “pure play” ad networks. Venture capital investment was $300 million.[EDITOR’S NOTE: Click here for a free copy of DeSilva + Phillips’ Ad Networks: Monetizing the Long Tail.] There’s still a lot of Internet out there. And for publishers joining—or cobbling together— mini ad networks, that means revenue.So says a new white paper released late last week by media investment banking firm DeSilva + Phillips. According to the report, Ad Networks: Monetizing the Long Tail, the approval of Google’s $3.1 billion acquisition of DoubleClick shouldn’t spell doom for smaller ad networks.DeSilva + Phillips foresees a “long tail” of revenue, profit and scale for the smaller ad networks that remain. Or, as they put it: “Online advertising networks have emerged as an essential vehicle for monetizing the Long Tail of the Internet.”
4 The Cheapskate Share your voice Comments Sarah Tew/CNET Are you a Spotify subscriber? Then you’ve no doubt discovered the limitations for listening offline. It requires a phone, which isn’t always convenient — like when you’re at the gym or out for a run. And even if you do have your phone, you’ll have to devote a chunk of precious storage to your Spotify playlists.The Mighty Vibe solves those problems. This portable player — a dead ringer for Apple’s dearly departed Shuffle — absorbs your Spotify playlists and podcasts for easy offline listening. Read CNET’s Mighty Vibe review to learn more.It normally sells for $86 (currently on sale for $5 less), but for a limited time, Cheapskate readers can get the Mighty Vibe for $69.99 with promo code MIGHTYCHEAP. Shipping adds $5.See it at MightyThis is the second-gen version of the Mighty, featuring better battery life (at least 5 hours of play time), broader Bluetooth compatibility, better Bluetooth range and a redesigned mobile app.It’s also now available in a couple snazzy colors. In addition to basic black, you can choose a teal or red case.As noted, the Mighty Vibe looks and operates much like an iPod Shuffle, right down to its spring-loaded clip and simplistic controls. What’s handy here, though, is that you can pair it to Bluetooth earphones for a wireless listening experience. I just tried it with a wire-free set — pretty nice!There is a headphone jack if you want to go wired, and that jack is also used to charge the Vibe. A spare cable will run you $7. The player can hold up to 1,000 songs, but you can’t sync specific artists or albums, only playlists.That minor limitation aside, I can’t understand why this is product isn’t better known or more popular. It is, to my knowledge, the only offline-Spotify gadget currently available, and it’s a very affordable way to carry around your favorite playlists and podcasts without a phone.Note: This post was published previously and has been updated regarding pricing and discount code.CNET’s Cheapskate scours the web for great deals on PCs, phones, gadgets and much more. Note that CNET may get a share of revenue from the sale of the products featured on this page. Questions about the Cheapskate blog? Find the answers on our FAQ page. Find more great buys on the CNET Deals page and follow the Cheapskate on Facebook and Twitter! Best laptops for college students: We’ve got an affordable laptop for every student. Best live TV streaming services: Ditch your cable company but keep the live channels and DVR. Tags MP3 Players
Holidays are happier in the beginning but soon turn out to be a boring routine for kids with each passing day. There are days when children would want to explore outdoor activities with friends; while there are others when they would just want to stay indoors. It is for the parents to ensure that their kids have a gala time during their vacation and simultaneously learn something productive.Keeping this in mind, Delhi Tourism has organised a Summer Craft Workshop in Dilli Haat, Janakpuri, for both children and adults which commenced on May 18 and will continue till June18. Also Read – ‘Playing Jojo was emotionally exhausting’ Pottery, tie and dye, madhubani paintings, clay work and paper craft are some of the creative activities organised by Dilli Haat and the list also has entertaining yet challenging activities like robotics, vedic maths. Observing the overwhelming response of the audience, the organisation has decided to add many more activities very soon.In the rush of tuition, school, hobby classes, there is no time left to do things that kids genuinely enjoy and in the process they don’t even get quality time with their parents. Also Read – Leslie doing new comedy special with NetflixDilli Haat encourages parents to turn up with their kids to the place so that they can have the fun of physical activities and explore their skills, creativity and other natural strengths unknown to them. These qualities only get highlighted when one take part in hands on activities that allow one to showcase their interests.So, get your kids outdoor this summer to experience the joy of learning crafts.When: June, 2016Where: Dilli HaatTimings: 11 am– 1 pm
No matter how much we crib about our motherland or our culture, when we step out of the homeland we start missing all the little things which had meant nothing to us previously. Would it not be nice to have a dhaba below your apartment in the foreign land which would serve you chhole kulche or a shabby little tea-stall where you could sit all day and think of all the important things in life with a little kulladh of tea in hand?Homesickness is a powerful malady. There are some social volunteers who try to make you feel at home or at least closer to home when you are living in a far away land. One such sweet volunteer is Baishali Ghosh, from Assam, who owns a home-delivery restaurant called ‘Chakum Chukum’ in Copenhagen, Denmark. The mere words in the restaurant’s title do not carry any heavy message about food, but are denoted as the sounds made by a noisy eater in Bengali! A western gourmet may never understand the relevance of chakum chukum, but a bong or any other Indian foodie may. What’s the joy of food if you cannot dig in with your pretty hands? Also Read – Add new books to your shelf“The burning flame of desire to do something on my own always keeps me restless,” says Baishali Ghosh who has recently come up with a book titled ‘Spices of Life’ which she describes as “not just a book of recipes but it is the journey of my life.” She runs a food blog as well that goes by the same title as her restaurant– ‘Chakum Chukum with Baishali’. Her restaurant delivers delicacies like Dab Chingri, Potoler Dorma, Aloo Posto, Nargisi Kofta Curry, Chicken Tikka Masala, Suji Halwa and Nolen Gur ice cream among many other mouth-watering dishes! What if you like to order something you have seen on the blog which is not part of the restaurant menu? In that case, Baishali delivers that particular dish on request. Also Read – Over 2 hours screen time daily will make your kids impulsiveWith a supportive family, Baishali had started her own business in India and had managed it well until a couple of years post marriage, when she had to move to Denmark giving in to her husband’s job relocation. “Managing different priorities at different stages of life did not diminish my ambition. When we started living in Copenhagen, I sensed an opportunity in converting my passion for cooking into a profession and started a takeaway restaurant. Even though I had my share of tribulations while emerging as a matured culinary free spirit, the journey had been wonderful. I don’t cook because I have to, but because I love to,” explains Baishali. Cooking is an art, and chefs are artists. So is our Baishali, who not only shares her knowledge about food and culinary inventions with the world but also has a keen interest in food photography. Knowledge is never confined in books, one gains it through travel as well, feels Baishali, “Travelling to different parts of the world exposed me to various cultures and traditions. Food is a reflection of culture and heritage.” This inspired Baishali to create fusion recipes form a blend of cultures, which is reflected in her book. Some of her recipes have also been published in reputed magazines, which eventually gave her confidence to pen down a book, where every photograph has been clicked by her without any professional guidance as she believes that food photography is about one’s eye more than the tool(camera). A creative cook can lend a unique flavour to the same old dish.Baishali had donated proceeds from the sale of her book ‘Spices of Life’ to Association for India’s Development (AID) which initiates and supports grass root efforts in agriculture, health, education, women’s rights and social justice in India. A definite good news for foodies- she plans to open a restaurant in Kolkata soon.