Matt McAlister points today to Colin Crawford's Corner:
... today IDG's online revenue accounts for over 35% of total US publishing revenues ... growth of online business now exceeds the decline in print revenues. In 2009 the share will be about 50 %.
"... Going forward IDG Communications will define itself as a web centric information company complemented by expos, events and print publications."
"For over four decades we’ve had print blood running through the veins of the corporate body. But over the last few years we’ve seen dramatic change. Today the absolute dollar growth of our online revenues now exceeds the decline in our print revenues. This occurred in the US in 2006 and in Europe during the last quarter.
With this change in the revenue mix and the higher margins from our online businesses - the company is more profitably today than it has been previously ..."
Publishing Is Shifting From Print To Online (29-Aug-2006)
Patrick McGovern, the chairman and founder of IDG on MarketWatch (Videoclip)