24/7 Real Media Names New CFO, Raises Guidance

Share this content:
24/7 Real Media said yesterday that Jonathan Hsu replaced Norman Blashka as chief financial officer. The company also raised its earnings guidance for 2004.


Hsu was promoted to CFO from senior vice president for corporate development and strategic planning, a position he held at the online ad company since March 2000. The company said Blashka, who joined Real Media in September 1999, is leaving to pursue other interests. He will stay with the company as a consultant during a short transition, 24/7 Real Media said.


24/7 Real Media CEO David Moore praised Blashka for helping the company survive the bursting of the dot-com bubble.


"Norman served admirably as CFO during a difficult period when all Internet companies, including ours, struggled against adverse financial conditions," he said on a conference call.


With the market rebounding, 24/7 Real Media said it expects 2004 revenue of $70 million to $75 million. The midpoint of the range represents a nearly 50 percent increase from projected 2003 revenue. 24/7 Real Media forecasts to reach full-year operating profitability in 2004.


Moore said 24/7 Real Media should benefit in 2004 from its recently closed acquisition of Real Media Korea as well as increased spending on Internet advertising.


Brian Morrissey covers search marketing for DM News.com. To keep up with the latest search marketing news subscribe to our free e-mail weekly newsletter Search Engine Marketing by visiting www.dmnews.com/cgi-bin/newslettersub.cgi .





Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above