Bloomberg Sees Softening in Ad Revenues


NEW YORK--Michael Bloomberg was the keynote speaker at the annual awards dinner of the New York Financial Writers’ Association. In response to questions about the current state of business, Bloomberg says, "Internet, radio and TV revenues are down, but that decline has been covered by gains in print revenues." Bloomberg Professional terminal sales are "shockingly" better but at reduced rates. He adds, "New terminal sales are strong, but net new sales are 30 percent below strong year-earlier