Time Warner CFO Gives Shocking Assessment of the Print Ad Market
In case you haven’t been paying attention for the past, say, 5-10 years:
Time Warner Inc. (TWX) Chief Financial Officer John Martin said Thursday that the television advertising market is “really strong,” while the print advertising market is “okay–but not really robust.”
Not to worry though, there are no signs that things are getting worse.
Meanwhile, he said the company’s publishing arm, Time Inc.–which he called “the most secularly challenged part of our company”–faces difficult comparisons in the second half of this year, though he added that he didn’t see any slowdown ahead.
The magazine business was pummeled by the recent economic downturn at a time when it was already declining due to the rise of digital media.
Time Warner CFO: TV Ad Market `Really Strong,’ Print Less So [Dow Jones]