Yellow Pages publisher Yell posts £1.4bn loss Yell, best known for its printed Yellow Pages directories and struggling under the burden of debts mostly maturing in April 2014, said on Tuesday its new generation of products was taking longer than expected to bear fruit. It said it planned to consult with its lenders and shareholders to come up with a new capital structure within the coming financial year, and said it had appointed Goldman Sachs and Greenhill as advisers on the process. The company's net debt stood at £2.2bn as of March 31. Yell's full-year loss arose from a goodwill impairment charge of about £1.21bn, mainly in relation to its operations in the US, the UK, Spain, Chile and Peru. The yellow pages publisher's revenue fell 14pc to £1.61bn. "Yell has not progressed as fast as it would like in bringing new products to market, with the sheer scale and logistics of the task stretching its nascent teams," the company said in a statement. The company also said it would change its name to hibu Plc, with the new name to become the brand name for its new product offerings. All the print products, which are sold under different brands in each country, will continue to be sold under those current brands. Directory publishers like Yell and its Canadian counterpart Yellow Media have struggled to stem the slide in their print businesses and pare huge debt loads, as more people turn to internet-based giants like Google to find local listings.