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Online US newspaper revenues to reach $1.4 billion in 2005
MUMBAI: Revenues for online newspapers in the US grew faster than the overall online ad market in 2004 and are on a pace to do it again this year, according to a new eMarketer report Online Publishing.
Online newspaper publishers saw revenues zoom 38 per cent last year, and the first-half performance this year signals similar gains this year.
Revenues are expected to reach $1.4 billion this year. They will touch $2.26 billion in 2008. eMarketer’s report describes several key drivers behind publishers’ online gains. Internet users are increasing their consumption of online content, and in particular, online news. Meanwhile, advertisers are beginning to turn their attention to online channels. With big advertisers cautiously shifting their budgets online, newspaper publishers provide a ‘safer’ environment for many advertisers, with trusted, known parent companies and predictable content.
eMarketer’s editorial director and the report’s author Ezra Palmer says, “The online publishing sector is positioned to grow strongly through this year and into next. Consumption of online news is increasing. Ad spending still significantly underplays the online channel, and brand advertising has yet to truly make itself felt. Meanwhile, the heavy costs of establishing an online presence are in the past.”
However strong these gains may appear they are important to keep in perspective. The $1 billion mark is no small achievement but it was passed long ago by portals—Yahoo!, Google, AOL and MSN alone generate more than eight times as much advertising revenue as the entire online newspaper industry.
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Shoppers Stop elevates Biju Kassim as GSS Beauty CEO
Move comes as GSS Beauty scales global brand partnerships in India.
MUMBAI: From store shelves to global shelves, the beauty game is getting a sharper makeover. Shoppers Stop has elevated Biju Kassim as managing director and chief executive officer of Global SS Beauty Brands Limited (GSSBB), signalling a stronger push into the premium beauty segment. The move builds on Kassim’s role in setting up GSSBB, a wholly owned subsidiary that has quickly positioned itself as a fast-growing distribution platform for global beauty brands in India. The unit has been central to Shoppers Stop’s ambition of expanding its footprint in the high-margin beauty and luxury categories.
Chairman Nirvik Singh noted that Kassim’s experience across the beauty ecosystem and his understanding of premium and luxury consumers would help steer the next phase of growth. The focus, he indicated, will be on sharpening the company’s beauty portfolio and scaling partnerships with international brands.
Kassim, for his part, steps into the role at a time when India’s premium beauty market is undergoing rapid evolution, driven by rising consumer aspirations and increased access to global labels. He highlighted that GSSBB will remain a key strategic pillar, with an emphasis on expanding brand partnerships, enhancing consumer experiences and driving growth across markets.
As global beauty brands continue to eye India as a high-growth destination, Shoppers Stop’s bet is clear: owning not just the shelf, but the entire beauty ecosystem behind it.
