Magazine Publishing Still Has Issues
We think magazine publishers face an uphill battle.
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Magazine publishers are facing some of the same issues plaguing the newspaper business. Consumers are migrating online for content, and advertisers are shifting ad budgets away from print.
The news-driven magazines have been among the hardest hit, which makes sense given the immediacy of content available on the Internet. McGraw-Hill (MHP), sold its BusinessWeek unit to Bloomberg last year for a minimal dollar amount and the assumption of liabilities, as the weekly magazine had suffered operating losses for several years.
Michael Corty does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.