Earnings: France's Hi-Media Still Expects Strong Ads Growth
As most online and offline publishing businesses were busy laying off staff and downsizing their operations, French online publisher and technology company Hi-Media saw a “very sharp” 23.2 percent rise in revenue in H208 despite the slowdown in online advertising spend. The company, which publishes entertainment, news and women’s interest sites and owns Fotolog, made
Probably you don't know that they laid off 15% of the workforce during last months… Unfortunatley situation is the almost the same for AOL, Yahoo or Hi-Media. And see that there is a 700 000€ provision for that mentioned in last PR