Big Media Stocks End Tuesday Up & Down

COMMENTS (8)

• Well, Nikki, at least Zucker can lick his chops over the higher ratings CNBC is getting.

  Comment by Mike Cane — Tuesday September 16, 2008 @ 10:17am PDT  Reply to this post

• If you live in Hollywood and want to work in film in the coming 2-3 years you should hope this meltdown works itself out because all the financing is going away as we speak…..

  Comment by ReelBusy — Tuesday September 16, 2008 @ 10:51am PDT  Reply to this post

• Hollywood found a way to thrive during the Depression, so I don’t see these current troubles wrecking the industry. Now Hollywood can easily wreck itself from the inside, very easily.

  This could turn out to be an opportunity, because, when the dust settles and the jitters calm down, people will still need a place for their money to get working, and if Hollywood fixes its dysfunctional business model, they could be that place.

  Of course that requires effort and integrity, and that seems in short supply in Hollywood these days.

  Comment by Furious D — Tuesday September 16, 2008 @ 11:24am PDT  Reply to this post

• Reelbusy reminds me to thank the bomb throwers. They help weed out the fair-weathers.

  What would history be without those who cry wolf for anything that smells of adversity…

  Comment by j.r. — Tuesday September 16, 2008 @ 11:34am PDT  Reply to this post

• Fear and greed are the two fundamental decision triggers in human beings. People got carried away with greed and we’re now paying the price. If people allow themselves to get carried away with fear the price will get higher still. The fundamentals of the economy are still strong, people are earning and people are spending. Repackaging and spiral selling of credit derivatives on Wall Street do not have to plunge the economy into a major recession, which is where people are talking this thing.
  As far as the movie business is concerned, in bad times people crave to be taken away from the harshness of the daily grind. Provided the industry returns to the fundamentals of developing and producing good movies, there will still be demand. There may even be more demand. When belts tighten expensive vacations get replaced with trips to the movies.
  Add to that the fact that the international market for movies is now larger than at any time in the past – spreading the risk of relying on a single market – and those gleefully engraving the industry’s tombstone can take their fear-mongering elsewhere. Maybe the airline or auto industries could use your positive thinking.

  Comment by Bode O'Toole — Tuesday September 16, 2008 @ 12:19pm PDT  Reply to this post

• The fix was already in, this morning. That’s why no crash.

  http://mikecane2008.wordpress.com/2008/09/16/chronicles-of-depression-20-210/

  Who will come hat in hand next?

  Comment by Mike Cane — Tuesday September 16, 2008 @ 5:27pm PDT  Reply to this post

• Dear Hollywood,

  This rollercoaster ride isn’t over yet. Expect a few more serious dips in the track ahead.

  Even if AIG is saved, the coming wave of lay-offs will still do major damage. Dell, HP, Lehman, etc. all are sending people home. This won’t show up for a couple of weeks yet.

  Will Hollywood live through the trauma? Sure, the old girl will get some emergency surgery, but we all love her and she’ll pull through. Don’t expect Washington to give her any first aid though.

  Blame game? We’re all responsible. As crew on this ship of state, we let the captain get too cozy with the company.

  Reagan, Bush 41, Clinton, Bush 43; all had a hand in the deregulation of business laws. Both the Republicans and the Democrats are at fault here. The majority of them sold out.

  The idea that Americans watch out for each other was abandoned in favor of keeping the company, any company, in the black. Thank a lobbyist.

  Now we have corporate socialism, in that we will bail out companies and lay the cost off on the taxpayers.

  One thing that can’t be taken from us is that we have the greatest work ethic in the world, backed up by people who love freedom.

  No matter what crumbles, it can be rebuilt.

  We’ve done it before. We can do it again.

  Excuse me, I’ve got to go write a bad country song.

  Comment by Tom Segerson — Tuesday September 16, 2008 @ 8:47pm PDT  Reply to this post

• I saw news story on the Drudge Report which Time Warner has express interest in buying NBC.

  Comment by chuck — Wednesday September 17, 2008 @ 9:36am PDT  Reply to this post