Valassis Profit Down in Q1

Valassis Profit Down in Q1, Cuts 2013 Guidance: LIVONIA, Mich. - Valassis today announced financial results for the first quarter ended March 31, 2013.  First-quarter 2013 revenues were $482.5 million, a decrease of 7.0% from $518.6 million in the prior year quarter. This decrease was due primarily to an anticipated decline in revenues in the Neighborhood Targeted segment resulting from the change in certain client contracts to a fee-based media placement model.