We’ve spent the last few weeks reporting on publishers’ individual quarterly earnings releases without noting the most significant development for the bottom line of foreign owners: the recent dollar rally. The currency has reversed a long decline and gained ground against both the euro and the pound for nearly all of August as both the EU and the UK face the beginnings of recession. Gains against the British pound have been greater, as the UK is encountering some of the same credit market problems that the US has been dealing with for over a year. In yesterday’s markets, traders were […]
