Tuesday, 17 May 2011

FT.com / Media - Poor ad demand piles pressure on Yell

Poor demand for advertising among small businesses in the Europe and the Americas has put further pressure on Yell, the indebted publisher of Yellow Pages directories, which saw full-year revenues to March fall by 12 per cent.

Mike Pocock, chief executive, said the strong cash flow had allowed early repayment of debt payments on borrowings, which fell by £329m to £2.76bn.

via ft.com

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