One does not need statistics to know that a lot of media companies – music labels, film studios, newspapers etc – are facing a crisis of profitability. However, the figures do bear it out.
Some new research from Deloitte has found that, while many industries suffer from intense pricing pressures and falling return on assets, the media industry is doing worst of all. In fact, the industry now has a negative return on assets of 4.4 per cent, compared with a positive 7 per cent 40 years ago. Read more