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Montreal's Yellow Media posts lower Q1 net earnings of $39.2M on lower revenues

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MONTREAL - Yellow Media Ltd. (TSX:Y) reports a lower first-quarter profit of $39.2 million, compared with $53.5 million in the same quarter of 2013 as it continues its transformation to a digital company. The Montreal company, which publishes the Yellow Pages directories, earned $1.43 per share compared with $1.91 year-over-year. Revenues were down 11.9 per cent to $223.2 million compared with $253.3 in the same period last year.

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