Murdoch sees ad slowdown

You might recall that the News Corp. CEO and his seconds had been pooh-poohing for months any talk that the TV business was off. That was then. Speaking at a Bear Stearns conference, he's become "a lot more pessimistic about the economy," with Fox's local TV markets running 5 percent behind expectations. "We're doing very well indeed in New York, and very well in some markets like Atlanta and Orlando, and in other places it's softer," Murdoch said. He did add that News Corp.'s other businesses were doing well, so there won't be any downward revisions in earnings. (Silicon Valley Insider) At the same conference, Disney CEO Bob Iger wouldn't offer any comment or predictions, which some are bound to interpret as discouraging news.

2:44 PM Monday, March 10 2008 • Link
Email or share:
© 2003-2008   •  About LA Observed  •  Contact the editor
LA Biz Observed
12:30 PM Fri | NY Federal Reserve Bank President Timothy Geithner will be nominated for the post, according to several news reports.
12:16 PM Fri | L.A. County unemployment in October was at its highest level level in more than 12 years.
Native Intelligence
TJ Sullivan | Without referencing its recent layoff, the Ventura County Star's editor says the suburban LA paper is now "more streamlined and, in many ways, much more efficient."
Deanne Stillman | We stripped the Indians of their ponies, and now we're doing it to ourselves.
TJ Sullivan | When the sun looks like that, there's a big fire somewhere regardless of whether we see or smell smoke.
Bill Boyarsky
Lee Abrams, Tribune Company's chief innovation officer, doesn’t seem too impressed with the Los Angeles Times. That’s the feeling I got when he appeared at the Los Angeles Press Club.
Jenny Burman
This Was Pacific Electric.
Here in Malibu
Making our bed, lying in it.
Sponsors
Jewish Journal logo
California Wellness Foundation
Playa Vista ad
Premium Blogads

 
Books, Blogs & Events