Tech media suffer big Q1 losses

摘要

Dismal earnings reports last week from b-to-b media companies suggest the tech-related business slump is continuing, with no relief in sight. CNet Networks Inc., Penton Media Inc. and Pri-media Inc. all reported losses and revenue declines for the first quarter of the year; all blamed the weak advertising market. "Business conditions continue to be very challenging, particularly for media properties serving the technology sector," said Thomas Kemp, chairman-CEO of Penton Media, during a conference call last week. Kemp said Penton's non-technology properties saw ad revenue increase during the quarter, but publications serving IT, Internet and telecommunications industries continued a downward slide.