Menu: ASME CEO Sid Holt on Tonight’s Ellies

Today on the mediabistro.com Morning Media Menu we’re joined by Sid Holt, CEO of the American Society of Magazine Editors (ASME).

Holt’s ASME is the group behind tonight’s Ellies Awards. We talk about some of the themes of tonight’s show and nominees, the mood in this tough economic time and more. “It’s a celebration of what makes magazines unique and powerful,” said Holt of tonight’s event.

Also discussed: declining profits at two of the big magazine publishers and embracing the news crawl during ad breaks. “The numbers are terrible,” says Holt, while looking at the Time Inc. and Meredith Corp. first quarter numbers. But: “Would you rather be running Time Inc., or would you rather be running Citibank?”

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