News: Archives
April 2012
April 6
Post-Panic Collection Syndrome . . .Don’t Let It Get Your Profits Down!
Originally appearing in Collective Wisdom, a publication of Szabo Associates, Inc. on March 31, 2012
The recession of 2007 hit the media industry hard. Of the 10 recessions experienced by the U.S. economy since the end of World War II, this one was the longest. It was also the deepest, as determined in part by its 18-month duration, but more importantly, by the magnitude of the decline in economic activity. In June of 2009, the National Bureau of Economic Research issued a “trough announcement,” officially proclaiming the recession’s end and the beginning of the rising phase in economic activity. >Read More
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