Rogers Media, including mags, see 73% profit drop in Q1 2009

Rogers Media, which encompasses Rogers Publishing, saw a 73% drop in operating profit and a 7% drop in operating revenue in the first three months of 2009, according to figures released by the company. Revenue was $284 million in Q1, compared with $307 million in the same quarter a year ago. Operating profit was $6 million, compared to $22 million.The company attributed the results primarily to