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

DMA 2014 Kicks Off Under New Management

DMA 2014 Kicks Off Under New Management

Thomas Benton and Jane Berzan will preside over an event indicative of an association serving a wider array of industry segments.

De Quinto Tapped as Coke's Next CMO

De Quinto Tapped as Coke's Next CMO

The president of the company's Iberia Business Unit will take over from Joe Tripodi upon his retirement in February.

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.