Quebecor, Operating Under Bankruptcy Protection, Announces Results
Quebecor World Inc., which is operating under Chapter 11 protection in the United States and creditor protection in Canada, generated $976 million in revenue from continuing operations during its second quarter. ...
Mortgage, Home Equity Direct Mail Drop By Half: Study
Mortgage and home equity lenders sent approximately 750 million secured loan offerings between January and June 2008, half the 1.5 billion during the first six months of 2007, according to a new study...
Lenox Group Hasn’t Found Buyer
Lenox Group Inc., which has been exploring strategic alternatives since Jan. 14, announced on Monday that it had been unsuccessful in finding a buyer for the entire company ...
Martha Stewart Fortunes Grow As Internet Business Gains Toehold
Martha Stewart Living Omnimedia Inc. reported $77.1 million in second-quarter revenue, up from $73.4 million a year ago. The company generated net income of $328,000, a turnaround from the $6.6 million loss it sustained in second-quarter 2007. ...
PC Mall’s Sales Rise In Second Quarter
PC Mall Inc. reported $331.2 million during second-quarter 2008, up from $263 million a year earlier. The company’s net income ticked up as well, ...
Vertis: Trade Creditors Will Be Paid In Full
Vertis Communications has received approval from the U.S. Bankruptcy court to pay its “trade creditors” in full, according to a court order. Trade creditors include most direct response vendors, ...
Vertis Chapter 11 Creditors Include Many DM Firms
When Vertis Communications filed for Chapter 11 bankruptcy protection before taking over American Color Graphics (ACG), creditors shuddered. Papers filed Tuesday in the U.S. Bankruptcy Court, District of Delaware, give a hint as to how costly those shudders are going to be. Vertis’s top 30 creditors include at least two direct marketing firms...
Draftfcb New York Lays Off 47
The New York office of Draftfcb earlier this week laid off 47 employees, or about 2% of its staff....
Alliance Data Has Solid, If Unspectacular, Second Quarter
Alliance Data Systems Corp. generated second quarter revenue of $507.2 million, up from $81.8 million a year earlier. The company’s earnings jumped from $73.1 million to $81.7 million. ...
Despite Rebate Checks, June Consumer Spending Soft: NRF
Although millions of tax rebate checks hit mailboxes in June, consumer spending remained soft last month, the National Retail Federation reported yesterday. ...
DM Spending Reflects Slow Ad Growth: Coen
If there is any good news for direct marketers, it’s that the generally bleak picture Robert Coen painted for growth in 2008 is matched by minuscule gains for the advertising community at large. Small comfort, but one takes it where one can....
Gannett Acquires Retail Marketing and Database Firm ShopLocal
In separate transactions, Gannett Co., Inc. has acquired the ownership shares of ShopLocal LLC, a marketing and database services firm that services U.S.-based retailers....
Non-Profit Giving Drops in First Quarter
The total number of donors to organization in the Target Analytics Index of National Fundraising Performance dropped by 4% between the first quarter of 2007 and first-quarter 2008...
DM M&A Activity Up, But Total Value Down
The direct marketing industry generated $19.7 billion in transaction value among the 398 deals tracked by investment bank Petsky Prunier during the first half of 2008. While the number of transactions jumped 21% from the first half of 2007, the value of the transactions fell from $26.8 billion a year ago. ...
Mortgage Rates In Mail Solicitations Drop: Study
The Federal Reserve System’s rate cuts are having an effect – on direct mail solicitations for mortgages. According to a new study, the average rate offered for fixed-rate mortgages during the first quarter of 2008 was 6.22%, a drop from the 7.14% average seen during fourth-quarter 2008....
Difficult First Quarter for Gander Mountain Despite DM Sales
Gander Mountain Co., a hunting, fishing, boating and outdoor products marketer, reported a first-quarter loss of $24.4 million on sales of $207.7 million, compared with a $22.8 million loss on $175.7 million in sales during first-quarter 2007. ...
s2 Marketing Purchases Alexander Marketing Services
s2 Marketing + Communications Inc. has acquired Alexander Marketing Services Inc., a business-to-business communications firm...
FaceTime Strategy Acquires Concise Marketing Solutions
Digital interactive agency FaceTime Strategy LLC has acquired Concise Marketing Solutions. ...
Alterian Gives Yearly Results, Price of Mediasurface Purchase
Marketing services provider Alterian generated roughly $7.9 million in pretax profit during the financial year ended March 31, approximately twice what it earned a year earlier. These results did not include any contribution from Mediasurface, the Web content provider Alterian announced its intention to purchase on May 16....
UMarketing Acquires Chi-town Ad Agency tenthirty
UMarketing, a multi-channel marketing services provider, has acquired tenthirty, an advertising agency based in Chicago. The purchase amount was under $1 million...
Aegis Group Acquires Search Agency Rmsarcar.com
Aegis Group plc, the British marketing communications firm, has acquired rmsarcar.com, a German search engine marketing firm for an undisclosed sum....
SunTrust Names Delorier CMO
SunTrust Banks Inc. has named Rilla Delorier chief marketing officer ...
Telematch Acquired by Investment Group; Kuman named CEO
Telematch, a direct marketing service provider, has been acquired from Gannett Co. Inc. by an investment group led by Brook Venture Partners. DM veteran Peg Kuman was named CEO. ...
Blue Cross Blue Shield Woos Hispanics
Blue Cross Blue Shield of Arizona is targeting Hispanics, many of whom lack health insurance, with its first bi-lingual campaign....
R.R. Donnelley Posts Sales, Margin Gains
R.R. Donnelley, thanks in part to acquisitions completed last year, reported $3 billion in first-quarter sales, a 7.3% increase over the same period in 2007. ...
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