The many and varied characters who populate the business of television can be forgiven for feeling as if their lives lately have started to resemble those of characters in a really bad horror movie. Every day seems to bring another over-the-top plot twist or bloody execution, be it NBC’s decision to...
Media companies just aren’t worth what they used to be. News Corp. and Time Warner last week both took billion-dollar writedowns against quarterly earnings as the economy lowered the value of some of their assets. The industry titans said the downturn was steeper than anticipated and the watchword going...
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The Business of Television
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News
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Sun, Feb 8 2009
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Filed under: Broadcast, Cable, Advertising, Print Edition, Earnings, Scripps Networks, Time Warner, Jeff Bewkes, Rupert Murdoch, News Corp., Economy
The economic crisis that rocked Wall Street showed up as a ripple in many media company earnings reports for the third quarter—but a more ominous harbinger of hard times emerged Friday. General Motors, which reported a $4.2 billion third-quarter loss, said Friday it had decided to cut back on its upfront...
Posted to
The Business of Television
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News
on
Sun, Nov 9 2008
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Filed under: Broadcast, Advertising, Viacom, Print Edition, Discovery Communications, Time Warner, News Corp., General Motors, Walt Disney, GM