* Completed the roll-out of Voyo in all CME territories; achieved over 1.2 million visitors on the platform in September.
* Grew traffic on our sites by 21% to 11 million visitors in September.
* Increased revenues by 54% in Q3.
from Earnings Call presentation, available on CME website
The most important piece of news about our new media business is the rollout of Voyo in all our countries. Voyo is a digital distribution platform covering transactional, subscription and advertising financed video on demand. The growth of Voyo will be mostly driven by CME content and our strong marketing voice. With Voyo, our new media business boosts its user base and expands from advertising to paid and subscription revenues.
Adrian Sarbu, CME CEO, in Earnings Call, October 2011
Our New Media segment increased revenues by 54% due to an expansion in the number of websites and improved non-advertising revenues through Voyo. We achieved this growth with minimal cost increase. New Media reported an OIBDA improvement of 34% over the prior year.
David Sach, CFO CME, in Earnings Call, October 2011
When the markets are not generous, you need strong people and business to outperform them. This is CME today. In the first nine months of 2011 our TV ad markets declined by 1% while we doubled our OIBDA from 43 million dollars to 86 million dollars.
We have been growing!Although the business environment remains challenging, we decided to give you specific guidance for 2011. We expect to generate Revenues of 850 million dollars and OIBDA of 166 million dollars, assuming constant exchange rates.
Audience leadership and free cash flow generation are and will be our priorities this year.
Adrian Sarbu, CME CEO, in Earnings Call, October 2011
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