The New York Times reports that newspapers are on track to record their worst sales year ever, with ad revenue running 12% below 2007's poor performance and sales for May expected to be off by 14% or 15%. Peter S. Appert, an analyst at Goldman Sachs, thinks "it's inevitable that there will be closures in this industry, and maybe bankruptcies."
Tuesday, June 24, 2008
Newspapers Could Be in Trouble
The New York Times reports that newspapers are on track to record their worst sales year ever, with ad revenue running 12% below 2007's poor performance and sales for May expected to be off by 14% or 15%. Peter S. Appert, an analyst at Goldman Sachs, thinks "it's inevitable that there will be closures in this industry, and maybe bankruptcies."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment