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The two banks are even struggling in the same ways, with revenues declining in the first quarter.
With oil revenues declining and the economy slowing, the shortages may have no quick fixes in sight.
Many had to shed jobs, and some estimates show the industry's overall revenues declining, although not nearly as sharply as those of most of the businesses it serves.
With print advertising revenues declining much faster than web revenues are rising, one key to survival is to increase "stickiness", the number of stories each visitor reads.
With revenues declining and its cash reserves rapidly diminishing, G.M. began looking for a merger partner this summer, according to people with knowledge of the company's actions.
The company said that it has had a "slow start" in January and February with revenues declining by 13% year-on-year.
Similar(41)
Circulation revenues declined 4%.
Municipal revenues declined, as did school budgets.
Her revenues declined by 20 percent, she said.
Advertising revenues declined 12.6% to £132.1m.
Total ad revenues declined 5.1% to £80.6m.
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