Dennis Wagner in a recent Arizona Republic article writes about the ongoing trouble over at local photo favorite ‘Arizona Highways.’ Here is an excerpt.
…The state-owned magazine's circulation has dropped an average of 10 percent annually during the past four years. It operates at a deficit. Arizona lawmakers have raided reserve funds to a point where almost nothing is left.
A financial outlook prepared earlier this year shows a million-dollar debt by 2010. And Publisher Win Holden says he already has cut everywhere possible, reducing the staff by 45 percent.
What remains unclear is whether Arizona Highways, arguably the most famous publication of its kind, faces a withering death, a sale to private enterprise or some sort of rescue…
Read the entire article on azcentral.com.
…The state-owned magazine's circulation has dropped an average of 10 percent annually during the past four years. It operates at a deficit. Arizona lawmakers have raided reserve funds to a point where almost nothing is left.
A financial outlook prepared earlier this year shows a million-dollar debt by 2010. And Publisher Win Holden says he already has cut everywhere possible, reducing the staff by 45 percent.
What remains unclear is whether Arizona Highways, arguably the most famous publication of its kind, faces a withering death, a sale to private enterprise or some sort of rescue…
Read the entire article on azcentral.com.
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