Canadian Publishing Industry News
26 November 2021,     TORONTO
Zoomer Media revenues decline
 
 
Zoomer Media’s revenues declined to $48.9 million from $50.7 million in 2020, for the year ended August 31. Operating expesnses declined to $39.6 million from $40.2 million while net income dropped to $3.7 million from $4.6 million.

             Declines were reported for Zoomer magazine, On The Bay magazine, and Tonic magazine which Zoomer purchased in September 2020.

            For 2021, total revenues for the print operation declined 6.6%.

This was mainly due to the impact of COVID on advertising sales. The lockdowns also hit the travel and hospitality sectors, which are a key business for Zoomer. Operating expenses increased by 13%, mainly due to lower Aid to Publisher subsidy, the addition of Tonic, and increased circulation initiatives for Zoomer.

            For Zoomer magazine, subscriber fees increased 4.7% but advertising declined 20.4%.

 

Story Tools
Most Recent News Comment
Jaded says:
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
Most Recent Blog Comment
Marty Seto says:
Help Spread the word for Orange Shirt Day on September 30 too....
Blogs
Martin Seto Gadget Blog
Martin Seto
Most recent posts:
Scott Bullock Covers Sell
Scott Bullock
Most recent posts:
Industry Guest Blogger Words of Inspiration
Industry Guest Blogger
Most recent posts:
Dennis Kelly 57 Media Spikes
Dennis Kelly
Most recent posts:
Norm Lourenco RGD Magazine Media Brandaid
Norm Lourenco RGD
Most recent posts:
Richard Johnson Off the Page
Richard Johnson
Most recent posts:
Connections
Special Reports
Masthead Web Edition Archives
More Archives