Eric Schmidt, CEO Google said “The shift to online gives us an advantage, so we’re well-placed for the recovery when it occurs.”
Source: Google profit beats estimates
Your competitors have moved on to online advertising and in the process helped Google’s first-quarter profit climbed 8.9% Sales rose almost 6% to US$5.51 billion.
Back in Singapore…
And guess what happened to the print media in Singapore?
Just 4 days ago, Singapore Press Holdings (SPH) reported 12.6% drop in earnings to S$87 million for its second quarter ended Feb 28, 2009.
“Led by the fall in recruitment and display advertisements, print ad sales declined 18.8 per cent to $145.9 million.”
Source: SPH earnings fall in Q2
Tags: Eric Schmidt, Google, Online Advertising, SPH