Jim Milliot at PW summarizes Marvel’s latest financials, and they back up the idea of a softer 2nd quarter for comics publishing in general:
Publishing revenue at Marvel Entertainment was flat in the second quarter, slipping from $31.8 million to $31.7 million. Operating income fell more noticeably, dropping 6.8%, to $10.9 million. Lower level of high margin advertising and custom publishing sales were cited as the reason for the decline in earnings. For the first six months of 2009, sales in the publishing segment fell 1.4%, to $57.5 million, and operating income declined 17.1%, to $17.9 million. The company said it expects the publishing segment to finish 2009 with revenue between $115 million and $120 million; in 2008 sales were $125.4 million.