Multi-vehicle pile-up on Madison Avenue

November 20, 2008

Dimming prospects for an auto bailout spell trouble for the folks on Madison Avenue. Already, sources say that General Motors is taking a hard look at all of its advertising contracts – held by Interpublic and Publicis — to see if they should be renewed as they come up.

Sell NBC Universal? You gotta be kidding!

November 10, 2008

NBC is once again stuck in last place in prime-time ratings; its much-hyped Olympic coverage is over, so are the elections; advertising across media is under pressure; and dishing out $67 to hang at the Universal Studios theme park probably isn’t as appealing when you could soon lose your job, house, car, etc.

It’s budget cutting time

October 20, 2008

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In the media world, it looks like it’s time for a trim. Whether that’s jobs, travel expenses, or anything else, budgets are coming down… With the economy in the sick ward, what did we expect?

National Amusements: Time to talk to the bank

October 17, 2008

redstone2.jpgAnother day, another twist in the latest Sumner Redstone drama. This time, the media mogul’s company, National Amusements, announced that it’s having sit-downs with its lenders over some debt covenants? What are the covenants? And how much debt to they cover? Nobody outside of the company seems quite sure at this point.

Fox Biz throws CNBC’s Cramer under bus

October 14, 2008

If you didn’t know better, you’d think CNBC was running for office and Fox Business was the down-in-the-polls attack dog. 

NBC: Local ads bad, Silverman fine, and Rainbow is no-go

September 26, 2008

zucker1.jpgGeneral Electric’s problems – it warned yesterday that turmoil in the global credit markets could drive profit down as much as 12 percent — have once more put the spotlight on its media unit, NBC Universal.

NBC’s super ad sales

September 12, 2008

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NBC’s sports department is having quite a year. We all know about the Olympics, but now it appears they are raking in money for the 2009 Super Bowl.

So what’s the outlook for media?

September 9, 2008

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For the media business, the next couple of days will likely set the tone for the remainder of the year. Why? Because just about everyone who is anyone will be speaking at a Merrill Lynch conference out in California.