The Future of Print

2009 Revenues Dropped 4.3% For Nation’s 100 Top Media Companies

Posted in Doom by futureofprint on December 30, 2009

CHICAGO (Adage.com) — The nation’s top 100 media companies eked out 0.8% revenue growth in 2008, but reported revenue for top media firms in the first half of 2009 fell 4.3% from a year ago, according to Ad Age’s analysis.

For the nation’s 100 Leading Media Companies, revenue growth in 2008 was the lowest since 1991, and 2009 is set to show the first decline since Ad Age began ranking media firms in 1981.

Remarkably, 11 of 2008’s Media 100 firms filed for bankruptcy over the past year, crushed in most cases by shrinking revenue and debt loads taken on during the blind optimism of the boom. Print media dominated the list: six newspaper companies, two magazine publishers and two yellow-pages firms. No. 11 in Chapter 11 was a debt-laden cable firm, Charter Communications.

via 2009 Revenues Dropped 4.3% For Nation’s 100 Top Media Companies.

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