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More trouble at Centaur…

Posted by Danny Whatmough on 23rd February 2009

Via Paidcontent:UK we learn that Centaur, the publisher of titles such as Marketing Week, NMA, Precision Marketing (RIP), Design Week and is facing an uncertain future with dire profit projections amidst falling recruitment sales:

“We have not experienced any material change in our market position during this period and these results therefore reflect the extreme challenges faced by our clients at this time … Due to the seasonal nature of our business, Centaur typically earns the majority of its profits in the four months from March to June each year and unless there is a reduction in the recent rate of revenue decline for the remainder of this financial year, we anticipate our performance for the year to June 2009 to be significantly below the board’s expectations.”

Following a number of previous hints at problems, it remains to be seen what long-term effect the economic downturn will have on the publisher.

Danny Whatmough