Canon Cuts 10 Percent

first_imgLos Angeles-based b-to-b publisher Canon Communications has reduced its workforce by 10 percent, or about 30 people. The cuts were made in an effort to “bring staffing in-line with our adjusted revenue outlook,” chairman and CEO Charlie McCurdy told FOLIO:. “We set our fiscal budgets in August and by December, and through January, it became clear that we weren’t pacing at consistent levels. We needed to revisit the outlook and consider some cost-savings measures.”Some of those additional measures include renegotiating vendor contracts, pairing back circulation and cutting frequencies at several of its magazine products. Canon in previous years has seen significant growth: roughly 10 percent organically year-over-year, McCurdy said. In November, the company reported a 23 percent increase in revenue for its 2008 fiscal year. The company attributed the increase to operational growth and strategic acquisitions in both its events and publishing businesses. Publishing division revenues grew 15 percent last year while events division revenues increased 30 percent due, in part, to attendance and exhibitor gains at its traditional trade shows and the launch of new events like BIOMEDevice and MD&M Midwest. Events revenues make up more than 50 percent of the company’s overall revenue mix, according to McCurdy.Another growth area is digital media, which has seen an average of 25 to 30 percent growth per year, McCurdy said. This year, he projects digital will be up between 15 and 20 percent.last_img read more

Reliance to Unveil Indias First CDMA iPhone on 28 June Report

first_imgReliance Communications (RCom) is expected to unveil India’s first Apple iPhone running its CDMA network on 28 June.Technology website BGR citing sources confirmed the launch of the CDMA iPhone in the country and said RCom will kick-start new marketing campaigns on Friday along with the unveiling of the phone. There is no information on the pricing and network’s availability for the new iPhone in the country.Earlier this month, the same website had reported that RCom and Apple are entering a new partnership to announce the CDMA iPhone in the country.”The official announcement will happen tomorrow that will be aided by a marketing campaign,” BGR reported adding that the “CDMA iPhone is most likely to be locked to RCom’s network unlike the GSM variants that are available unlocked in the open market.”RCom along with Apple also announced a new service plan, according to which, iPhone users under RCom network will get to enjoy up to 50 percent discount on data service on 3G connectivity.”There will be around 140 million more smartphone users in India over the next two or three years. We are gunning to get 40 million of them,” said Gurdeep Singh, chief executive (wireless business), Reliance Communications.”The definition of a subscriber ARPU is dead, it is now the screen size that determines the ARPU. The larger the screen, the more the ARPU,” he added.last_img read more

TravelBrands tapped as Karismas Preferred Partner for November

first_imgTags: Karisma Hotels & Resorts, TravelBrands Share Travelweek Group Posted by MIAMI — Karisma Hotels & Resorts has partnered with TravelBrands, naming the company as its Karisma Preferred Partner for the month of November for the Canadian market.Karisma picks a different tour operator partner from Canada and the U.S. each month, offering a variety of special activities to drive motivation while providing training on Karisma Hotels & Resorts and the Gourmet Inclusive Experience. Benefits include training support, sales incentives and assistance, weekly contests, web and social media exposure.The training, which takes place prior to the start of the month, focuses on reservations, groups, and sales with the intention of providing a better understanding of Karisma Hotels & Resorts’ differentiators, including the Gourmet Inclusive Experience. Incentives can include complimentary stays and the chance to enter to win a grand prize giveaway.With November’s promotion, TravelBrands clients will receive savings up to 44% off plus up to $1,250 in resort credits. Resort credits can be used towards services such as couples’ sky massages or candlelight dinners.More news:  Flight Centre Travel Group takes full ownership of Quebec-based agencyThese offers are available for clients when booking by Nov. 30, 2017 for travel from Nov. 1, 2017 to April 30, 2018. The promotion is available for new bookings with a minimum stay of three nights and valid at El Dorado Spa Resorts, Azul Beach Resort Riviera Maya and Generations Riviera Maya. The deal is also valid for both group and FIT bookings.Karisma Hotels & Resorts also offers its Preferred Partners exposure during the designated month, including a spotlight on Karisma’s travel agent portal.center_img TravelBrands tapped as Karisma’s Preferred Partner for November Friday, November 3, 2017 << Previous PostNext Post >>last_img read more