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Google Tops List of Digital Media Companies


China Mobile, Apple, and Bloomberg also make the list.

MINYANVILLE ORIGINAL It's been a tough year for digital media companies. Rupert Murdoch's tablet-only digital magazine The Daily announced today that it would be slashing 29% of its staff, even as rumors continue to swirl that the magazine will soon be shut down. Facebook (FB), which continues to lack a strong mobile business model, is trading more than 40% lower than its IPO price.

However, there are successful digital media companies that have managed to bring in revenue based off of either content or advertising. GigaOM's PaidContent has just published its second annual list of the top 50 digital media companies around the world based on digital revenue in the last full year.

Not surprisingly, topping the list for the second year in a row is search giant Google (GOOG) with digital revenue of $36.4 billion. This was an impressive increase from its $14.1 billion total last year. Finishing a distant second with $7.58 billion is China Mobile (CHL). Bloomberg is close behind with $7 billion.

British business information publisher Reed Elsevier was fourth on the list at $5.93 billion, and rounding out the top five was Apple (AAPL) with $5.4 billion generated from music, TV, movies, apps, books, and other products sold in its all-conquering iTunes store. Of course, that amount represents only a miniscule 4% of Apple's total revenue.

Besides China Mobile, four other Chinese companies also made the top 50, highlighting the fact that China has become a global player in the media industry. These companies are Tencent (No. 9 with $4.46 billion), China Telecom (CHA) (No. 16 with $2.65 billion), Baidu (BIDU) (No. 17 with $2.3 billion), and Shanda Games (GAME) (No. 46 with $838.3 million).

Notable companies that missed the top 50 include Twitter and the New York Times Company (NYT). As for Facebook, even though its stock is struggling, the company placed an impressive 11th, with $3.68 billion in digital revenue last year.

Check out the complete list at PaidContent.

Twitter: @sterlingwong
No positions in stocks mentioned.
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