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The Knot's Profits Drop 64 Percent; Local Rev Gains Offset By National Reclines
Friday, November 6, 2009Wedding site The Knot saw profits fall about 64 percent to $771,000 million last year, as debt and other expenses dragged earnings down. But the marriage business isn’t completely on the rocks: net revenues were up 4 percent while merchandising dollars grew 30 percent. Nationally, online advertising declined 3 percent. A...
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