Wedding site The Knot saw profits fall about 64 percent to $771,000 for the 3rd quarter when compared to 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. Via Paid Content.
Back in 2005 we learned The Knot “…syndicates our content in 70 newspapers nationwide. Our TV series… now reaches over 50 million U.S. homes… also available on Comcast”.
In 2006 I wrote “The Knot enjoyed revenue up 27 percent in Q4 but expenses were up to $36.9 million, including 4.8 million in legal fees related to litigation with WeddingChannel.com.”
The Knot bought WeddingChannel.com, which was run by Adam Berger, past CEO of Spark Networks.
In October 2007, The Knot named Janet Scardino as President and Chief Marketing Officer.
