Over the past year, Ive been excited and energized by the work weve done at our company with our traditional magazine franchises. Weve expanded the digital footprint, re-assessed our workflows, innovated with new marketing products and generally held together our talented teams while teaching them new skills.

The results? Revenue was down more than 45% in the year.

Were not alone. 2009 was a very bad year for magazines. Heres the final numbers from PIB, the industry tracking service, for consumer magazines. Ill share the business-to-business magazine data when it gets released.