International: In an Era of Downsizing, Big Books Stand Out
NEW YORK (AdAge.com) -- Last week, we learned that consumer confidence has hit a low, that employers last month cut jobs for the first time in more than four years, that retailers just suffered the worst January on record, that wage growth has slowed and that the Fed's inflation fears were growing. In the media sector, we absorbed depressing financial results from newspaper companies and learned that revenue was essentially flat again last year at Time Inc., the country's best-known magazine publisher.