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Fastest-Dying Industries

Fastest-Dying Industries - Another way to avoid disaster? Diversify. In response to decades of declining circulation and shaky print advertising numbers, newspaper publishers are expanding their holdings in non-traditional ways. The two largest, Gannett and Tribune, own a stake Careerbuilder.com, the online job search Web site. In 2005, The New York Times Co. bought About.com, a general information site. Will it work? The jury is out. Worth noting, though--the industry's most successful transition is also its most radical. The Washington Post Co. secured their future by buying Kaplan Learning centers, morphing the company into an "information" firm and leaning on the new entity, rather than their news operations, to drive growth.

Fastest-Dying Industries

Bowling alleys and arcades have been on a slide for years, but some of the biggest operators believe they have found a recipe for success, in an otherwise struggling industry, by creating broader entertainment complexes. With more appeal to families, and with more revenue from food and beverage services as well, these complexes have thrived while the industry's many small operators have struggled.

IBIS actually identifies these centers as the areas where operators should move to survive.

To be sure, even growing industries aren't likely to be buoyed this year, given the economic slump in the U.S. that's spreading to other parts of the world.

"Against this backdrop, most industries will not perform as well in 2008, with many seeing deteriorating profits amid decelerating revenue growth and high costs," wrote Moody's Economy.com analyst Michael Helmar in a recent industry forecast survey.

Source: http://abcnews.go.com/Business/IndustryInfo/Story?id=4667790&page=2

Fastest-Dying Industries

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