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The Knot's Profits Drop 64 Percent; Local Rev Gains Offset By National Reclines

site The Knot saw profits fall about 64 percent to $771 million last year, as debt and other expenses dragged earnings down. But the marriage business isnt completely on the rocks, as The Knots net revenues were up 4 percent; merchandising dollars grew 30 percent. Nationally, online advertising declined 3 percent. Anticipating those declines, over the past year The Knot has shifted its focus to local, which was up 3 percent. In keeping with plans to broaden its sites coverage, the company lau....

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17 days ago

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