May 15, 2009 - Local Insight Regatta Holdings, Inc. Reports First Quarter 2009 Results
Local Insight Regatta Holdings, Inc. ("LIRH") today announced consolidated results for the three months ended March 31, 2009.
DENVER, COLORADO - May 15, 2009 - Local Insight Regatta Holdings, Inc. ("LIRH") today announced consolidated results for the three months ended March 31, 2009.
"With the majority of our integration initiatives completed and a strong strategic plan in place, the quarter was characterized by a focus on execution," said Scott A. Pomeroy, director, LIRH. "In addition to our roll-out of digital and performance-based solutions, we made continued progress on the implementation of our cost optimization initiatives.
"First quarter ad sales reflect the continued economic weakness impacting our small and medium-sized business advertisers and were appreciably impacted by a reduction in advertising revenue from Hawaiian Telcom following its bankruptcy. Based on successful market trials during the quarter, we believe increased penetration of our digital and performance-based solutions will mitigate some of the cyclical pressure."
To review the complete release, please download the pdf here.