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Thursday, February 14, 2008

Boom in Business Media and Earth is Flat.


Apparently the Press Gazette is leading this week with headline "Boom-time for business media." I'll read the feature with interest but I fear the fine folk at PG may have swallowed what Nick Davies as called some "Flat Earth News". If this is a boom time for business media why did Huveaux have to abandon its sale process last year; why is RBI closing its healthcare magazines and laying off a further 16 people and warning of an uncertain year ahead? Why is Centaur share price trading at 25% below its float price of four years ago? There are some real opportunities in business media, but a boom time this isn't. The sub prime mortage market is worth a lot more than £23bn and that's not booming either.

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