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Article: DAG Media, Inc. Reports Fiscal Year 2005 Consolidated Financial Statements.
- Article from:
- PR Newswire
- Article date:
- March 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, March 16 /PRNewswire-FirstCall/ -- DAG Media Inc. announced today that advertising revenue for the year ended December 31, 2005 was $4,447,000 versus advertising revenue of $5,949,000 for fiscal year 2004, a decrease of $1,502,000 or 25.20%. Advertising revenues for the year ended December 31, 2004 included $461,000 of net recognized revenues resulting from the ninth and last edition of the sold New Yellow Manhattan Directory as well as one time graphics income of $31,000. The remaining $1,010,000 decrease in revenues was attributable to decreased revenues from the Jewish Israeli Yellow Pages directory by $873,000 and a $137,000 decrease in revenue of the Jewish ...