Friday, May 1, 2009
There has been an unprecedented decline in the publishing business as a result of declining advertising sales due to the sluggish US economy. So hard hit has the publishing industry been that such stalwarts of the business like the Rocky Mountain News have closed shop while others cancelled their print editions entirely, slashed staff or moved to an online-only version. This map by the Wall Street Journal chronicles the bad news. This only tells part of the story as the remainder of the publishing business has not been without equal or worse devastation. Entire magazines have been discontinued and publishing companies like Taunton Press have gone so far as to eliminate the job of "publisher" and has reorganized staff into "content," "sales," or "marketing" with everyone reporting to a vice president.