President, Hearst Magazines
"I'm not sure when there will be an upturn, but it won't be anytime soon."
Chairman-CEO, Time Inc.
"We expect to have a shortfall for the fourth quarter as a result of Sept. 11. We don't know the magnitude."
President-CEO, Gruner & Jahr USA Publishing
"There is bound to be a shakeout, no question. And that will come at a faster pace than it ever has."
"We're all like those guys in the submarine movies, where they have to turn all the lights out and hope the depth charges miss."
Steven T. Florio
President-CEO, Conde Nast Publications
"We did see a fair amount of [ad] cancellations for the fourth quarter...The week after [Sept. 11] we had hundreds of pages cancel."