Media giants Time Warner, Viacom and Fox News Corp announced their Q3 earnings this week. If we look at these as a collective weather report, I would say the hurricane has definitely moved off shore and is giving way to partly sunny skies, with scattered showers in some regions. Compared to the abysmal Q2 earnings, resulting from a down economy and significant reductions in advertising spending, the Q3 numbers look encouraging, especially from the cable and theatrical divisions. However, DVD sales continue to suffer across the board with more people getting their movies online and increased competition from services like Netflix. Newspapers and network television continue to face many obstacles, mainly decreased ad spending… (more…)
Posts Tagged ‘Fox News Corp’
Media Giants Report Q3 Earnings: Cable TV and Movies Continue to Thrive
Monday, November 9th, 2009Tags: Barrington Research, Broadcast, BurrellesLuce, Daily Finance, dvd sales, Fox News Corp, Fresh Ideas, GI Joe, Harry Grapenthin, HBO, Ice Age Dawn of the Dinosaurs, James C. Goss, media giants, Netflix, Public Relations, Star Trek, television, The New York Post, The Wall Street Journal, third quarter earnings, Time Warner, transformers, Turner Broadcasting, Viacom
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