Online newspaper revenue to skyrocket

INTERACTIVE IS THE FASTEST-GROWING PORTION of publishing giant Tribune’s business, company head Dennis FitzSimons said Tuesday at a Newspaper Association of America conference for newspaper investors.

So far this year, interactive revenue at Tribune, which publishes a host of papers–including the Los Angeles Times and Chicago Tribune–increased 28 percent, FitzSimons said. What’s more, he said, while interactive revenue is poised to grow this year to $225 million–or about 6 percent of the company’s publishing revenue–the company is looking to more than double that figure within four years. “We look to increase to … approximately 12 percent to 15 percent of publishing revenues in 2010,” he said.

From Online Media Daily

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