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‘It’s Time For Newspaper Publishers To Reset Targets So We Don’t Live In A Constant State of Depression’ – Frank A. Bennack Jr, Hearst Vice Chairman
Philip M. Stone March 13, 2008
Frank Bennack Jr., immediate past president of Hearst for some 23 years and now board vice chairman, told a California audience this week it’s about time newspaper publishers got real and understood print margins will never again see 30% plus and it’s time for publishers to accept new lower goals. And by coincidence it was a similar message this week, too, from Rupert Murdoch in a presentation he made in New York.
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