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Legal, business and real estate periodical and information publisher Dolan Media (Minneapolis, MN) reported total third quarter revenues of $38.3 million, an increase of 33.2% from the $28.8 million recorded in the same period last year.

Legal Publisher • Nov, 2007 • News in Brief

Legal, business and real estate periodical and information publisher Dolan Media (Minneapolis, MN) reported total third quarter revenues of $38.3 million, an increase of 33.2% from the $28.8 million recorded in the same period last year. Net loss for the third quarter, ending September 30, was $7.512 million compared to an almost identical net loss of $7.522 million in the same quarter of 2006. Revenue for the first nine months of 2007 increased 39.9%, going from $79.4 million in 2006 to $111.1 million in the first three quarters of 2007. Dolan showed a net nine-month 2007 loss of $57.2 million compared to a net loss of $17 million last year. Net loss for the 2007 period included non-cash interest expense related to the company's redeemable preferred stock of $66.1 million versus $23.5 million for the same period in 2006. Dolan Media completed an IPO in August of this year. The stock price opened at $16.40 on August 2 and closed at $29.66 on November 31.


COPYRIGHT 2007 JK Publishing, Inc Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.


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