Thanks to Simon Baptist for pointing me to a piece in the Financial Times, which discusses the debt predicaments of European yellow pages publishers and how that will affect their businesses. I’ll sidestep that vexing issue, which forced then RHD and Idearc into Chapter 11 (both are now out).
Here are some interesting bits from the article that caught my eye:
- Truvo is forecasting a 29% drop in print revenues year on year in 2009, partially offset by a 12% increase in online sales.
- Yell: “Around 20% of our overall revenues come from online advertising and in the UK it is 30%”
- Pages Jaunes (France): around 45% of total revenues are derived from online advertisement sales
The Truvo decline is more aggressive than in the US but print YP publishers have suffered double-digit print declines during the recession. The question is where will that revenue go: to publishers in diversified product bundles or to third parties competing with them to offer online ads?
See my related post: SMB Market Getting ‘Noisier’ by the Day