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For the full year, Internet revenues fell 4.1 percent, to $337.4 million.
By 2001, internet revenues stood at just under £2.5m and the division was on the point of breaking even..
"The company needs to exponentially increase or supercharge the growth of their Internet revenues," a person briefed on the funds' plans told The Times.
A 2013 report underlined that the U.S. captures more than 30%% of global Internet revenues and more than 40%% of net income.
The retailer posted internet revenues of £389.5m in the year to 30 January and its online sales are up by more than 40 per cent so far in 2010.
What that would be now, in the face of Bertelsmann's straitened finances, the elusiveness of internet revenues and changes in publishing and advertising, is uncertain.His avowed belief was to put social responsibility before the amassing of great wealth.
Similar(41)
Internet revenue more than doubled; wireless revenue rose by half.
Internet revenue jumped 55percentto to $1 billion, and international revenue rose 50percentto to $492 million.
High-speed Internet revenue was up 7.5percentto to $342 million, and phone revenue rose 53percentto to $144 million.
At A. H. Belo, Internet revenue fell 19percentt in the third quarter from a year earlier.
The groups argued that legislation or regulation would move too slowly to reflect technological changes, and would choke Internet revenue.
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