At the end of last year, Folio published 107 predictions about the future of the magazine business from media people. This one caught our eye:
NAME: Reed Phillips
2008 PREDICTION: Last year, I said I’d be watching with great interest the possible sale or break-up of the Tribune Company. Now, I think it is safe to predict that the company will be sold any day now. [EDITOR’S NOTE: Less than an hour after Reed sent this over, prediction #1 came true.] My prediction for 2008 is that by year-end valuations for newspapers, specifically, and print media, in general, will start to rebound.
If only those predictions were the other way around.