Yellow Pages Group Explained

Yellow Pages Group
Type:Public
Hq Location:Montreal, Quebec, Canada
Key People:David Eckert
Subsid:Yellow Pages Canada
Canada411
Num Employees:628

Yellow Pages Group (YPG) (Groupe Pages Jaunes (GPJ) in French) is a Canadian telephone directory publisher and digital marketing firm founded in 1908 and headquartered in Montreal, Quebec. Historically known for distributing yellow pages phone books across Canada, into the 21st century YPG has primarily shifted to digital marketing services, though they also operate the YellowPages.ca local business search engine and Canada411 online phone directory,[1] [2] and still print phone books on a limited basis to some customers as of 2024.

YPG is the incumbent directory publisher in Quebec, Ontario, Manitoba, Alberta, British Columbia, the Territories, and Atlantic Canada, and also publishes regional community directories in Saskatchewan.

History

Yellow Pages Canada was established in 1908 as a division of Bell Canada. In 1971, it was renamed to Tele-Direct Inc.[3] In 1999, the company changed its name to Bell Actimedia Inc. to reflect a closer alliance with Bell.[4]

In 2002, Kohlberg Kravis Roberts and the Ontario Teachers' Merchant Bank acquired control of Yellow Pages Group, with Bell Canada retaining 10% ownership. In August 2003, YPG had its initial public offering which raised over $1 billion, and established YPG as an income fund on the Toronto Stock Exchange (YLO.UN). In 2009, Yellow Pages Group was chosen as one of Canada's Top 100 Employers, Montreal's Top Employers, and Financial Posts 2009 "Ten Best Companies to Work For".[5]

In 2010, YPG announced that, based on urban customer habits and the decline of phone books as a result of the internet and smartphones, they would stop delivering residential phone books to customers in Toronto, Montreal, Vancouver, Calgary, Edmonton, Ottawa, Gatineau, and Quebec City, with deliveries only being resumed on request. Most customers there were urged to use the online Yellow Pages directories instead.[6] Through 2011 and 2012, YPG lost 90% of their share value, prompting a major restructuring toward digital marketing that saw shares triple in value but also led to several layoffs.[7] In 2015, YPG's phone book delivery cuts expanded to include Brampton, Mississauga, and Oakville, with the company continuing to analyze developing trends for potential further cuts for certain markets (namely Guelph, Kitchener, Waterloo, Cambridge, Elmira, Fergus, Hawkesbury, and Lethbridge) and locations such as high-rise buildings; however, a company statement assured YPG did not plan on fully discontinuing printed phone books, as many customers still relied on them, primarily seniors.[8]

By 2018, Yellow Pages phone books were still being printed for customers in Halifax, Nova Scotia, primarily to profit from advertising, but residents who did not use them were noted to simply throw them away at the expense of the city and the environment, prompting YPG to include recycling tips in newer editions.[9] Yellow Pages Canada still prints and publishes phone books as of 2024, but they are notably rarer and slimmer, and are largely sustained by elderly customers and advertising revenue.[10]

Acquisitions

In 2010, YPG acquired Vancouver-based Canpages for $225 million.[11]

In 2015, YPG acquired Vancouver Magazine and Western Living magazine from TC Media.[12]

Controversies

In 2017, CBC Radio reported that small business owners were disappointed with YPG's search engine optimization services, which allegedly failed to achieve high placements on search engine results, and in some cases did not bring website traffic at all, yet still demanded large payments by locking them into contracts and threatening them with lawsuits and collection notices,[13] which continued well into 2019 and 2021 as reported by Business in Vancouver.[14] [15] [16] In 2019, Calex Legal Inc. filed a class action lawsuit in Quebec against YPG involving thousands of small businesses.[17]

External links

Notes and References

  1. Web site: Find local businesses, products, reviews and deals on YellowPages.ca - YP.ca . 2024-04-24 . YellowPages.ca . en-CA.
  2. Web site: New Canada 411 . 2024-04-24 . Canada 411 . en-CA.
  3. Web site: Yellow Media Inc. - About Us. https://archive.today/20120919013902/http://www.ypg.com/en/company/history. September 19, 2012. July 28, 2009. dead. mdy-all.
  4. http://www.bce.ca/en/investors/reports/annual/bce/1998annual/scope/net/
  5. Web site: Leung . Kristina . 2010-10-04 . Jobs at Yellow Pages Group . 2015-12-28 . Eluta.ca.
  6. Web site: 2010-06-03 . Yellow Pages cuts delivery of residential phone book . 2024-04-24 . CTV News Ottawa . en.
  7. Web site: Evans . Pete . 2015-02-03 . Yellow Pages ending home delivery in some areas of Canada . 2024-04-24 . CBC News.
  8. Web site: Marowits . Ross . 2015-02-02 . Yellow Pages to end home-delivery of print directories in some areas . 2024-04-24 . Global News . en-US.
  9. Web site: 2018-04-25 . A new direction for an old directory: The future of phone books . 2024-04-24 . CTV News Atlantic . en.
  10. Web site: 2024-04-16 . 'I Google': Why phonebooks are becoming obsolete . 2024-04-24 . CTV News . en.
  11. Web site: 2010-03-30 . Yellow Media to buy Canpages . 2024-03-24 . CBC News.
  12. Web site: 2015-06-03 . Why Yellow Pages bought Vancouver and Western Living magazines . 2024-04-24 . BC Business . en-US.
  13. Web site: 2017-01-24 . Des entrepreneurs déçus par Pages Jaunes . 2024-04-24 . CBC Radio-Canada . fr-ca.
  14. Web site: 2019-01-15 . Canadian businesses blast Yellow Pages' ad practices . 2024-04-24 . Vancouver Is Awesome . en.
  15. Web site: 2019-01-15 . Canadian businesses blast Yellow Pages' ad practices . 2024-04-24 . Business in Vancouver . en.
  16. Web site: 2021-06-11 . Yellow Pages continues to face ‘pattern of complaints’ . 2024-04-24 . Business in Vancouver . en.
  17. Web site: 2019-03-19 . UPDATED: Class action against Yellow Pages to proceed in Quebec . 2024-04-24 . Business in Vancouver . en.