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LOS ANGELES, Feb. 07, 2020 -- In a release issued under the same headline on Friday, February 7th, by Daily Journal Corporation (NASDAQ:DJCO), please note that in the first.
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During the six months ended March 31, 2020, Daily Journal Corporation (DJCO) had consolidated revenues of $24,033,000 as compared with $21,140,000 in the prior year period. This increase of $2,893,000 was primarily from (i) Journal Technologies’ increased license and maintenance fees of $1,285,000, consulting fees of $978,000 and public service fees of $770,000, and (ii) the Traditional Business’ increases of legal notice advertising and service fee net revenues of $215,000 and government notice advertising and service fee net revenues of $38,000, partially offset by reductions in the Traditional Business’ display advertising net revenues of $252,000 (including conferences), classified advertising net revenues of $40,000, trustee sale notice advertising net revenues of $57,000 and circulation revenues of $13,000.
Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday said daily newspapers "are all going to die," as technological advances cause revenue to dry up. Munger, 96, spoke at the annual meeting of Daily Journal Corp, the Los Angeles newspaper publishing company he chairs, though he is better known for his more than four decades as a Berkshire vice chairman. Wednesday's meeting came two weeks after Berkshire threw in the towel on its own newspaper empire, selling 80 daily and weekly papers including its hometown Omaha World-Herald in Nebraska to Lee Enterprises Inc for $140 million.
LOS ANGELES, Feb. 07, 2020 -- During the three months ended December 31, 2019, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $11,677,000,000 as.
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