MediaFile

No love for journos in Sun Valley

It all seemed so promising. The first night at the Sun Valley Lodge bar at the annual Allen & Co  gathering had been a happy affair for the press corps as they mingled freely with Facebook’s Mark Zuckerberg (that’s him on the right), WPP’s Sir Martin Sorrell, Activision’s Bobby Kotick, Amazon’s Jeff Bezos, Capital Research’s Gordy Crawford, Lachlan Murdoch and Harvey Weinstein, among many others.

But the press corps, lulled into a false sense of bonhomie by the new openness, were in for a big disappointment this morning when they got to the Sun Valley Inn. The organizers have decided that press is no longer allowed to hang around the lobby area to speak with event guests as they leave presentations. It also means many a journalist/blogger here will no longer have a  nearby location from which to file stories.

The normally amiable but stern off-duty New York cops who act as security here were asked how reporters were going to be able to power their laptops and write stories. One guard seriously suggested filing stories from the lavatory. I guess that’s one way of  expressing his true opinion of journalists.

Live blog from the Reuters Global Media Summit

Reuters reporters will be sending live updates from interviews with guests including Disney’s Anne Sweeney, IAC’s Barry Diller, WPP’s Martin Sorrell, Sirius XM’s Mel Karmazin and more.

Good news for Madison Ave: WPP will only be slightly down

Slightly down is the new up.

At least judging from the reception that advertising giant WPP received today after it predicted like-for-like revenue would drop 2 percent this year.

Shares were up about 5 percent after the report from WPP, the last of the big three advertising holdings to post quarterly results. For all the worry about the advertising recession — and no doubt advertising is bad right now — WPP, Omnicom and Interpublic also showed some bright spots in their numbers.

WPP, in fact, said the in the ”long-term” the outlook for the advertising and marketing services business “appears favorable.” “Long-term” isn’t a particularly well-defined timeframe, but nonetheless those are pretty upbeat comments coming from an industry that has seen auto, retail and financial services spending drop like a stone.