Replies to post #2299 on Global Value Investing

[bradford86]

Revenues decreased by $60.3 million or 17.3% to $289.1 million compared to the first quarter of 2011. If we exclude
the results of Canpages, LesPAC and YPG USA, revenues decreased by 13.3% compared to the same period last year.

that implies that lespac and can pages represented 4% of the decrease or $13.94M of revenue in Q1 2011 that they didn't have in Q1 2012.
but what about Q4 2011 to Q1 2012?

i think that perhaps our declines in print might be too aggressive??? i'm trying to factor this out.