Big Media: Future Growth Depends on Serious Change [View article]
> There will be a concurrent meltdown with the large ad/PR/etc agencies. > Just wait. There will be "Lehmans" in the communications business.
Lehman, Bear, AIG, etc. were all levered 25-30 times and held the bulk of their assets in illiquid securities of unknowable value. How does this even remotely compare to the media corporations like News Corp that still is forecasting 4.4 billion dollars in profit even in a down market?
It's fun to make bold proclamations, especially when there is no responsibility attached, but please try to provide value to SeekingAlpha readers.
Big Media: Future Growth Depends on Serious Change [View article]
> Just wait. There will be "Lehmans" in the communications business.
Lehman, Bear, AIG, etc. were all levered 25-30 times and held the bulk of their assets in illiquid securities of unknowable value. How does this even remotely compare to the media corporations like News Corp that still is forecasting 4.4 billion dollars in profit even in a down market?
It's fun to make bold proclamations, especially when there is no responsibility attached, but please try to provide value to SeekingAlpha readers.
Steve
MagicDiligence.com
News Pitch: Why To Buy News Corp [View article]
News Pitch: Why To Buy News Corp [View article]