Monday, July 21, 2008

Housing Slump Impacts Publisher

Link to 7/21 PW Online article, "Creative Homeowner Hammered".

Excerpt: The slump in virtually all areas of the housing market resulted in a steep drop in results at Creative Homeowner, with sales in the third quarter ended June 30 plunging 45%, to $3.7 million, and the company posting a loss of $3 million, parent company Courier Corp. reported. For the first nine months of the year, sales at Creative Homeowner were down 25%, to $15.7 million, and the company had a loss of $5.2 million.

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