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.
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)