The Critical 'I'

Read. React. Repeat.

Tuesday, January 28, 2003

COMING OUT OF SLUMPSVILLE?
Anyone who's been in the publishing business--or any media, really--is acutely aware of how tough times have been for the last couple of years. First, the dot-com bubble bursts, which took with it a bunch of companies that spent advertising dollars like there was no tomorrow (they turned out to be right). Then, the Sept. 11 events, which put a nice fat kibosh on the economy in general. That, combined with continued competition from broadcast and Internet media outlets, has resulted in a tough time to make money.

But glory be! If the big behemoths' performance is anything to go by, it appears good times are on the horizon. It's no guarantee, but it's hope.

By coincidence, I attended a Times Publishing Company open forum today. The people in charge gave their financial reports, and concurred that things are looking up, slowly but steadily. Guess I'll be able to eat for a while!