Migration of Readers From Print to Digital Hit the M&E Business Hard in 2009
Posted by Mark Levy | Posted in Digital Publishing, DMET Disruptors, Publishing | Posted on 15-12-2009
Tags: Digital media, Publishing
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The media industry goes into 2010 with a sense of cautious optimism, but there’s no hiding the casualties that were left behind in 2009. According to PricewaterhouseCoopers, there were 1,025 media and entertainment company insolvencies in the two years to the end of Q309.
paidContent reported on a whole host of company collapses this year, from Setanta to Shiny Media and Borders, and some in the past few weeks. But the worst appears to be over…
—There were a total of 1,025 entertainment media company collapses from Q307 to Q309, including 305 publishing companies.
—The worst period was Q109, when 203 companies went into administration.
