Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update Murdoch: industry 'bearish' at General Satellite News forum; Murdoch: industry 'bearish' Rose Major Reports coming out of last weeks exclusive Allen & Co Sun Valley media conference look ...

LinkBack Thread Tools Display Modes
Update Murdoch: industry 'bearish'
Bacteria's Avatar
Posts: 96,015

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 101713
Experience: 68%

Thanks: 1,107
Thanked 5,578 Times in 1,419 Posts
Join Date: Oct 2006
Age: 37
Thumbs up Update Murdoch: industry 'bearish' - 13-July-2009, 13:50

Murdoch: industry 'bearish'

Rose Major

Reports coming out of last weeks exclusive Allen & Co Sun Valley media conference look bad, with even News Corps Rupert Murdoch reporting the mood as bearish, very bearish.

Talking to US channel Fox Business News, and quoted by Reuters, Murdoch said he was shocked at the business mood, which is talking about either that were at the bottom or going lower, but that its going to take years and years, like five years at least, before we see any real growth coming out of this [climate].

With traditional media companies finding themselves buffeted not just by the advertising recession, but also by upstart internet companies undermining their traditional revenue streams, there seems to be little love for new media among the old. Asked about the chances of his company lookingat acquiring social networking sites such as Twitter, Sony Corps chief executive Howard Stringer responded: A lot of people are doing very well at making very little money. It's not a club I'm looking to join."

Murdoch also said at the conference that News Corp would hold on to its US$6.05 billion in cash until the recession ends.

Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.