We did it without taking on debt or investment, which meant keeping cash flow positive and profitable while we transitioned from a transactional model to a subscription model, while also changing our core technology.
TMG remains one of the most successful and profitable examples of print-to-online transition in the world.
Auto Trader, the core brand of TMG (which like Emap is jointly owned by GMG and Apax Partners), has long been recognised as one of the most successful and profitable examples of print-to-online transition in the world.
Chubb: You have profitable businesses trying to make that transition, as a large media company, we have to be ruthless about past feelings.
Farm Aid - @FarmAid Farm Aid provides the support and services for family farms in crisis, not only keeping them on their land, but also giving them the resources to transition to sustainable and profitable farming practices.
Mr Chen admitted there is "significant work" to be done, saying: "The most immediate challenge … is how to transition the devices operations to a more profitable business model".
"The most immediate challenge for the company is how to transition the devices operations to a more profitable business model," said Chen, who formerly managed a turnaround at the software company Sybase.
Oesterle points out that absent transition expenses, the firm would have been profitable.
However, as digital platforms can be less profitable than traditional physical platforms, BBC Worldwide is managing the transition by developing new additive [digital] revenues," a spokesperson says, citing live events, BBC.com and BBC Global iPlayer as three of these.
Alan Mulally, Ford's president and chief executive, said: "Our 2010 results exceeded our expectations, accelerating our transition from fixing the business fundamentals to delivering profitable growth for all.
