Bleak Times In Old Media Expected to Continue

PaidContent rounds up what a bad year 2008 was for the biggest media companies:

“Last year was one of the toughest ever for the 500 largest American companies — combined they lost over $500 billion — and media companies, unsurprisingly, are near the top of the list. Total U.S. advertising fell 4.1 percent last year, according to ZenithOptimedia, and since the majority of media companies make most of their revenue from advertising, it makes sense that three of the largest — Time Warner (NYSE: TWX), CBS (NYSE: CBS), and Gannett (NYSE: GCI) — made the top fifteen losers together, losing nearly $32 billion last year.”

The Meaning of Life divx

The NY Times didn’t qualify as “biggest loser,” but for its part managed to lose $74.4 million in Q1 on lower revenues, including lower online revenues.

Meanwhile media columnist Michael Wolff says 80% of newspapers will be gone in 18 months The Untouchables divx The Final Cut dvdrip

A Christmas Carol download Rambo: First Blood Part II hd

and Seth Godin says there will be no significant newspapers printed on newsprint in the US by 2012.P2 trailer

  1. # A Final Word For 2009 | V/Speak said: December 21st, 2009 at 3:23 pm

    [...] want to digest content on their time and on the device of their choosing.  Looking back we saw the rapid decline of print.  Looking forward, we’re staring at the monumental rise of mobile.  Those media [...]

Leave a Reply