Revenues from the company’s Media Services businesses, which include Palm Coast Data’s Subscription Fulfillment Services, fell from $20.3 million for the first quarter of 2014 to $17.5 million in the 1st quarter of fiscal year 2015. CEO Rory Burke said the company is “not teetering on the brink of disaster.”
jobs and unemployment
Another Major Blow to Palm Coast Data as Newsweek, a Major Account, Ends Print
Newsweek, with 1.5 million subscribers, is one of Palm Coast Data’s largest accounts. The company landed it less than two years ago, helping it stanch the loss of other titles. Newsweek will end its print publication in December, a move that will again hurt Palm Coast Data’s bottom line.
Palm Coast Data’s Latest Revenue Down 18.6% Over the Year But Ticks Up in 2012
Palm Coast Data revenue fell to $13.6 million in the quarter ending July 31, compared to $16.5 million a year ago, and $32 million in 2008. Parent-company Amrep Corp. posted its 12th loss of the last 16 quarters.
Largest Employer in Most Florida Counties, Flagler Included: Government
A government entity is the largest employer in 51 of the state’s 67 counties, including in Flagler, where the school board 1,700 employees, and in every county in Florida government at least one of the top five largest employers.
Palm Coast’s Strathmore Deli Closes, Citing Overhead; Another Strip Now Stressed
Strathmore Deli, renamed Best Bagels & Deli, was the high-traffic anchor for the Parkway Plaza strip between Plam Coast Parkway and Cypress Point. Its abrupt closure four years after it opened is rippling with consequences.
Job-Killing Regulations: Busting the Myths
Job-killing regulations: Partisan myths and exaggerations aside, regulations may kill some jobs while creating others, netting a wash–and a vaster profit in protecting waterways, food, air and general safety.
Dim Futures: Florida’s Student-Loan Default Rate Rises to 10 Highest in the Nation
Students are defaulting on loans at higher rates, especially in Florida, because of a lousy job market, higher interest rates, and a rise in for-profit colleges that typically charge more than public colleges.
Palm Coast Data Lays Off 18 More, This Time in Magazine Customer Service
The Palm Coast Data layoffs are the latest in a string of job losses that have struck the company’s warehouse, membership services, IT and management.
Palm Coast Consistently Beating Florida As Taxable Sales Indicators Continue to Improve
Tourism and retail sales, and fewer people traveling elsewhere to buy goods, are keeping Palm Coast’s taxable sales among the most-improved in the state, compared with 2009.