2014 Hot Markets: Packaging, Pharma Head List

Publishing/Non-Newspaper ($75B, -4 percent; with $11.8B to print, 0 percent) at No. 4 is self-destructing as incompetent executives use new media as an excuse to scuttle print and pay themselves while their balance sheets shred to goodwill and intangibles. The Time Inc. spin-off and the sale of Forbes Media will show how little investors regard books and magazines even though global demand, especially for English-language print, is increasing. Only in the United States are titles, page revenues and circulation decreasing.