Keep an eye on: Reuters Media Summit, Day Four
Advertising in its many forms takes the lead on the fourth day of the Reuters Media Summit in New York. Speakers include David Sanderson, head of Bain & Company’s Global Media Practice, where he helps a wide range of clients drive significant improvement in financial performance.
His view will be contrasted by Rino Scanzoni, chief investment officer at Group M.
Finally, the Summit will host John Riccitiello, chief executive officer of Electronic Arts, the leading maker of interactive game software, a platform that increasingly is a home for advertising.
Here are some of the highlights from Tuesday:
– Major League Baseball Commissioner Bud Selig said he expects the league to set revenue and attendance records in 2008 despite the specter of a long-awaited report on players’ use of banned performance-enhancing drugs.
– The commissioner of U.S. Major League Soccer, Don Garber, said soccer star David Beckham should make $250 million from his five-year deal with Los Angeles Galaxy.
– Federal Communications Commissioner Robert McDowell said it was unlikely the FCC’s planned closer look at cable TV subscriber levels would trigger tougher regulations of the industry.
– MTV Networks plans to make every clip from every episode of hit animated comedy “South Park” available for free online next year.
– Discovery Communications expects its upcoming Planet Green cable channel to expand its reach within three years of its 2008 launch, with potentially 70 million homes hooked into its eco-friendly programming.
(In addition, check out video interviews with these executives)
Keep an eye on:
- Warner Music, the world’s third-largest record company, posted a fall in quarterly profit, hurt by an industry-wide slump in CD sales. (Reuters)
- Broadway theaters and the striking stagehands union have reached a deal to end a strike which has kept most of the premier U.S. theater district dark since Nov. 10. Performance for all shows could begin today. (Reuters)
- “Metal Gear Solid 4″ is not only one of the most eagerly awaited games for Sony’s PlayStation 3, it is also among the last of a dying breed — games designed exclusively for one gaming console. (Reuters)
- The New York Times newspaper has frozen new hiring and has cut a small number of newsroom jobs as it tries to rein in spending. (Reuters )
(Photo: Electronic Arts’ Madden NFL 08 video game)