Brief Excerpt from Industry Overview Chapter:

Companies in this industry publish newspapers, magazines and other periodicals, books, directories, and mailing lists, as well as items such as calendars, greeting cards, and maps. Major companies include Advance Publications, Hallmark, Hearst, and News Corp (all based in the US), as well as Axel Springer (Germany), Pearson and RELX Group (both based in the UK), Thomson Reuters (Canada), and Wolters Kluwer (Netherlands).


Demand for books, magazines, and greeting cards is driven by consumer income, while demand for newspapers and directories is related to local population growth and local ad spending. The profitability of individual companies depends on marketing expertise, efficient operations, and new customers. Large companies benefit from the ability to share resources across multiple content outlets. Small companies can compete effectively by specializing in niche topics and markets. The US publishing industry is concentrated: the 50 largest companies generate about 60% of revenue.


In the US, general newspapers accounted for about 50% of the total revenue, followed by advertising space in printed publications for about 35%. Internet advertising accounted for about 10% and other items for about 5%.

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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