One sector that is seeing changing times is the global directory network.
The mainstay of most homes and business' a report on Ft.com suggests that they are
facing a crisis due to collapsing valuations, a worsening economic and competitive environment, and concerns that its business model is no longer viable in the internet age.
The internet is the main culprit and as the report goes on to say
The sector is experiencing revenue downgrades due to a steady migration of advertisers from print to online, where margins are often lower. Small to medium-sized businesses, their core client base, are also being badly hit by the economic downturn
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