Private Frazer’s Doomed Magazines

July 31, 2009

Show me the money.

Filed under: consumer magazines,figures,Recession,USA — privatefraser @ 7:36 am

A slew of trading statements brings little cheer except in my wee cottage up here in windswept Barra.

Let’s start with our old pals in RBI:

  • Profits halve at Reed Elsevier: Ian Smith, the chief executive, said: “The depth and length of the downturn is having some effect on even our most resilient businesses.”

Then we have this:

  • Time Warner. Revenue fell 22 per cent on a 26 per cent decline in advertising revenue and an 18 per cent drop in subscription revenue.

And closer to home

  • Future has reported a year-on-year revenue fall of 9% in the nine months to the end of June… its circulation revenue … was down 8% and its ad revenue down 14%.
  • While at UBM: B2B operations, which have closed 43 titles since 2007, reported revenue down 22.3%, with operating profit down from £13.8m to £3.3m in the first six months of 2009
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