Euromoney in the Money
Euromoney, publisher of Metal Bulletin is doing rather well. It has reduced its dependence on advertising, stoked up its events business and driven some rather good revenue and record profits.
It is only those b2b houses with strong events in their portfolio that seem to be bullish in the current environment. Of course events have a longer recession lag than publishing assets. Exhibitions run it the next thre to six months will be based on revenue contracted as much as a year ago. If the downturn continues, these events driven models are lilekly to suffer too - but not until next year.