Magazines' profits hit by shift to web

Even if there wasn't a recession this year, 2009 was always going to be a crunch year for B2B and consumer magazine publishers, given the pull of online media and social networking on their readers. So how have they fared? Awkwardly, publishers' balance sheets show us… NatMags: The Hearst-owned Esquire publisher made a pre-tax loss of £42.8m in 2008 – compared with a £10.8m profit in 2007,...