The Future of Print

S&P: Newspaper Industry Nearing the Bottom in 2010, Will Likely Stay There

Posted in Boom by futureofprint on January 26, 2010

NEW YORK The financial outlook for Q4 of 2009 and beyond is not looking so sharp as traditional media — especially newspapers — are expected to suffer from an economic downturn despite easing comparisons.

Standard & Poor’s latest media and entertainment scorecard, courtsey of Seeking Alpha, forecasts newspapers may be nearing the bottom, but will likely stay there. Local media as well as national magazines will experience further EBITDA declines though at decelerating rates.

S&P notes that while the last part of 2009 should “bring easier year-over-year financial comparisons … the credit outlook is still grim for these issuers, and we think that even the first quarter of 2010 could still see lower revenues and earnings.”

via S&P: Newspaper Industry Nearing the Bottom in 2010, Will Likely Stay There.

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