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BREAKING NEWS & VIEWS
Time Warner's 1% Year
Time Warner CFO John Martin told the Citigroup Global Entertainment, Media & Telecommunications Conference yesterday that the magazine industry still is faring better than the abysmal newspaper industry because almost all Americans continue to read magazines. Still, he told attendees that TW's recent reorganization of the publishing unit around key verticals reduced the workforce by 7%. Magazine ad sales still were “trending down 20% in Q3.” AOL continues to be a major challenge because it does not have the scale of some of its competitors in the portal and content space during a time when media buyers will tend to look for top-line reach when allocating money. Martin said that Time Warner continues to look for strategic alternatives and alliances to increase AOL’s reach. If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com |
Editorial Coordinator, McGraw-Hill
Sr Editor - Corporate Communications, United Services Automobile Assn. Supervisor - Digital Media Distribution, Disney All Media Jobs | Free Media Job Alerts | Post Your Resume
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