Monday, October 02, 2006

Online: where the money is

[Keyword: ]. It seems that Emap is expecting revenues from digital products to continue to rise, according to - due at least in part to significant investment in the medium.
"Digital revenue was expected to be £59 million, up 55%, driven mostly by B2B acquisitions.

"Tom Moloney, group chief executive, said: "Digital revenue has grown by 55 per cent, led by B2B, and is on target to more than double over the next three years, as we continue to migrate resources onto faster growth platforms and reshape the group for growth."

"Emap spent £15 million on new product development in the period, £5 million more than last year, focusing primarily on digital initiatives.

"underlying revenue from its international consumer magazines business is expected to be down 18 per cent"

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