Jones Media Primarily Attributes Earnings Loss to Weak DRTV Market

Share this article:
Jones Media Networks Ltd., an independent provider of radio and cable television programming, has reported first-quarter consolidated revenues of $18.7 million, a decrease of 7 percent from the same quarter last year.


The company, which runs two cable television networks, Great American Country and Product Information Network, said PIN's results for the quarter were severely impacted by a weakened infomercial marketplace. The company said it reduced advertising rates for PIN because of the soft DRTV market.


The first quarter ended March 31.


The company's cable television programming segment reported first-quarter revenue of $8 million, a decrease of 8 percent from the same quarter last year.


Jones Media Networks, Englewood, CO, also runs a network radio business, which syndicates radio programming and services reaching roughly 152 million national listeners weekly, according to the company.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

B2B Marketers Can Now Self-Serve Ads on Facebook Exchange

B2B Marketers Can Now Self-Serve Ads on Facebook ...

Sitescout's new integration with FBX opens up access to any size marketer, minus campaign spend minimums, according to the RTB company.

Day Two at DMA2014

Day Two at DMA2014

It was awards day in San Diego, with Teradata's Lisa Arthur being named Marketer of the Year, and Google Japan being feted for its direct mail prowess.

Today's Forecast: Chilly With a 10 Percent Lift in Parka Sales

Today's Forecast: Chilly With a 10 Percent Lift ...

The Weather Company launches a website offering marketers free advice on how to take advantage of shifts in the weather.