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Dow Jones Continues To Feel Ad Sting

Dow Jones Continues To Feel Ad Sting

Dow Jones, publisher of the Wall Street Journal has posted a 13.9% fall in revenues, after being hit by what CEO Peter R. Kann describes as the most difficult global advertising environment of the last 30 years.

Second quarter revenues came in at $417.0 million, down by 13.9% on the $484.1 million posted in the same period last year. Advertising linage at the flagship Wall Street Journal paper is currently down by 8%-12%, although trends are expected to modestly improve in Q3 2002.

Ad linage at the WSJ fell 20.8% on a per-issue basis across the whole of the second quarter (and was down 18.5% in June). Overall print publishing revenues declined 16.5% in Q2 to $261.3 million.

Dow Jones’ primary markets are finance and technology, which have been severely hit by the downturn over the last year or so (see Advertising Remains Weak As Wall Street Journal Misses Forecasts)

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