Thursday, October 29, 2009

Good news; mag publishing giant Meredith losing (less) money in first quarter

Meredith Corporation, one of the most diverse and powerful magazine publishers in the U.S.  had a loss of 2% in earnings and 9% in revenue in the first fiscal quarter. That a loss is presented as good news is explained because it is much better than the performance of the industry as a whole and may be presaging recovery from the throes of the recession.

According to a story in Folio:,

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