mvh said:
I think these different points of view are due to the different responses at the state level. For instance, the entire west coast is shut down — nobody is working except for "essential services". Body shops, resto shops, parts vendors, mechanics, all closed down. Nationwide, 10 milllion unemployment claims in one week — that is serious. Predictions of 30-40% unemployment within weeks. If your state isn't shut down yet, just wait — you will be shut down within a week, or you will be in the middle of a disaster hot zone in three weeks (which will be worse).
I used to work on a monthly magazine. Think about what it takes to get an issue from zero to mailbox in 4 freaking weeks (yes, I know CM is on an 8 week turn, but there are 2 magazines). Write and edit the content; shoot and edit the photos; sell the ads and integrate the artwork; layout every single page (with nothing left over!); then as soon as it's out the door, start on the next issue. But in this case, there are no ads lined up for the next issue, and it's the ad income that pays for the printing, not to mention the salaries.
So I get it. As an independent graphic designer, my work has vanished as my clients have folded up, anticipating huge losses of their own. But that's not the point, I'm just trying to provide some perspective for those folks who can't see what the problem is.
To those asking to understand, see above. Our two magazines function on a three-week deadline each. So it's been a couple of issue deadlines since this started, and as Jerry said, you don't have to be a weatherman to see which way the wind is blowing. (As an aside, Jerry, so sorry to hear you're out of Autobooks/Aerobooks while this goes on.)
As a CFO who has been constantly re-forecasting 2020 (each time downward), I can surely see it. Advertisers are dropping, and receivables literally grow longer every day. That’s the money I use for payroll, printing, mailing, and in general keeping the doors open.
If my fear is detectable, it's because I have a small staff of 12 families that depend on us. I do not want to let them down. We have savings and we have credit, so our doors aren't closing tomorrow. But the domino effect that is starting will, eventually, come for us if we aren't able to continue selling advertising and subscriptions.
I am glad to hear that so many of your shops are going gangbusters. Perhaps one of you would be interested in buying an ad?
Margie