Revenue for legal, real estate and business information publisher Dolan Media.(News in Brief ...)

Revenue for legal, real estate and business information publisher Dolan Media (Minneapolis, MN) increased 17.9% for the first nine months of 2008 ending September 30, going from $111.1 million in the 2007 period to $130.3 million in 2008. The company showed net income of $10.9 million in the first nine months of 2008 compared to a loss of $57.2 million in 2007. Less than two weeks after the company's results were released, Dolan announced that 17 "insiders" bought almost 450,000 shares of the company's common stock. The buyers include almost all of Dolan's upper management, including chairman/ceo James Dolan, who said "we believe our stock is undervalued." The company's stock closed at $6.59 on the last day of 2008 trading, compared to the Dec. 31, 2007 closing price of $29.17.

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