Warner Bros TV & ‘Smallville’ Co-Creators … 
How Many Times Does Seth MacFarlane Have To Say No To The … 
UPFRONTS 2013: TV Spinoffs’ Almost Perfect Year 
OSCARS: Animated Feature Rule Change 
Cannes: Relativity Sets ‘Hunger Games’ Liam … 
RATINGS RAT RACE: Billboard Awards Surge From 2012, … 
Cannes: Park Chan-wook’s ‘Sympathy For Mr. … 
Cannes: Stanley Weiser To Script ‘Three Graves … 
Yahoo CEO Foresees Big Opportunities To Sell Ads On Tumblr 
Cannes: Keanu Reeves Presents Directorial Debut & … 
Disney, Lucasfilm Animation Prep ‘Star Wars … 
Cannes: Deadline Crashes Palais Forum With Costa Gavras, … 
Yahoo Announces $1.1B Tumblr Deal With Vow “Not To … 
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UPDATE, 2 PM: The market deteriorated as the day wore on, continuing the worst market slump since 2008. The Dow Jones U.S. Broadcasting and Entertainment Index closed down 7.3% — exceeding the 5.6% decline in the Dow Jones Industrial Average, 6.7% drop in the Standard & Poor’s 500, and 6.9% fall at NASDAQ. CBS’ -10.3% slide made it the leading loser among media’s Big Guns. It was followed by News Corp (-7.7%), Viacom (-7.1%), Comcast (-6.6%), Sony (-6.4%), Disney (-6.1%), and Time Warner (-5.8%).
Double-digit losers include AMC Networks (-12.8%), LIN TV (-12.7%), Sirius XM (-12.7%), RealD (-12.6%), Cumulus Media (-11.9%), TiVo (-11.4%), Entercom (-10.9%), Westwood One (-10.8%), and E.W. Scripps (-10.3%). Those losing at least 9% include National CineMedia, Dish Network, Arbitron, Sinclair Broadcasting, Rovi, Outdoor Channel, Crown Media, Electronic Arts, Cablevision, and Coinstar.
PREVIOUS, 11:22 AM: It’s another terrible day for media and entertainment stocks as markets reel from Standard & Poor’s downgrade on Friday of U.S. debt — followed today by its downgrade of mortgage finance agencies Fannie Mae and Freddie Mac. The Dow Jones Industrial Average is down 3.7% at mid-day while the S&P 500 and NASDAQ are -5%. Among the Big Media companies, CBS (-8.8%) was hardest hit, followed by Sony (-4.8%), Time Warner (-4.8%), News Corp (-4.8%), Comcast (-4.5%), Disney (-4.3%), and Viacom (-4.3%).
No company on our watch list is up. Among all major media, Barnes & Noble, AMC Networks, and Sinclair Broadcasting are down more than 10% and Entercom is down more than 9%. Cumulus Media, McClatchy, and Westwood One are off at least 8%. Sirius XM, Rovi, Liberty, Pandora Media, TiVo, Coinstar, Cablevision, LIN TV, DreamWorks Animation, and McGraw-Hill (which owns Standard & Poor’s) are down at least 7%.
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Hustlers of the world beware,
there is one mark you cannot beat:
The Mark Inside.
Great band!
INO holding steady… everything else means nothing to me.
Fine. All right. You made the right decision.
I can’t believe I fell for the News Corp. stock.
It’s the stupidest play in the game.
And let’s not forget….
Phillipe Dauman
CEO amassed $84.5 million in stock, salary and other benefits during Viacom’s fiscal year, which ended on Sept. 30
It’s called political risk, as fundamental and measurable a component of threat of loss as market risk or industry risk, etc. Just how stupid are our elected officials?!?
Easy Solution World-Wide
Congressional Reform Act of 2011 (or equiv body)
1. Term Limits.
12 years only, one of the options below phased in over 18 years.
a. Two Six-year Senate terms
b. Six Two-year House terms
c. One Six-year Senate term and three Two-Year House terms
Those members with greater than 12 years service are relieved after their next six year, or less term, with the more senior leaving first up to a maximum of one third of each legislative body.
2. No Tenure / No Pension. A Congress Member collects a salary while in office and receives no pay when they are out of office.
3. Congress (past, present & future) participates in Social Security.
All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system. Congress participates with the American people.
4. Congress can purchase their own retirement plan, just as all Americans.
5. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
6. ?Congress loses their current health care system and participates in the same health care system as the American people.
7. Congress must equally abide by all laws they impose on the American people.
8. No employment, directorships, consultancies, lobbyist positions or anything like the aforementioned, with businesses previously regulated by any committees a Congress Member served on/with.
9. All contracts with past and present Congress Members are void effective 1/1/12. The American people did not make this contract with Congress. Congress made all these contracts for themselves.
Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home, try to get a job and get back to honest work.
Without a doubt the best comment I’ve ever read on this site.
>The Founding Fathers envisioned citizen legislators
And did the Founding Fathers imagine a country that stretched from the Atlantic to the Pacific, from what we call Canada to Mexico?
Did the Founding Fathers imagine a country that effectively dominated the entire planet in business and culture and military might?
Is that the country the Founding Fathers imagined a bunch of part-time bumpkins being in charge of?
(When Steve Jobs retires, should a string of random people run Apple for a year at a time?)
Put em all on commission
Drudge said it best: BARACKALYPSE NOW!
How’s that hope and change working out for ya’s? Maybe if you filthy rich Hollywood libs paid more in taxes?
The problem isn’t Congress or Obama.
Recessions happen every few years.
Depressions happen every 60-80.
It’s a cycle. Not much can be done about it.
The US gov’t can improve the situation if they tax the richest 2% the same as the rest of the people. Cancel the Bush era tax cuts.
Americans have the lowest tax rate out of any Western nation aside from Mexico.
This rescession is “double dip”, how often does that happen? How is making Al Gore pay more in taxes going to get us out of this? Yes Gore is fithy rich, money from oil…go check, I dare ya.
And yet, when the stock market was climbing to new heights while millions of Americans suffered, no one attributed the stock market’s gains to the President. It wasn’t until the Tea-baggers’ petulance about paying our bills that the stock market’s performance reflect anything our President did. The tea-baggers’ tantrum just trashed my 401k almost as much as Bush Jr. did. Thanks, Drudge, Fox ‘News’ and your brainless followers.
The brainless people are the ones who insist you can keep going over budget by 1 trillion dollars each year without repercussions.
The US debt is now 100% of GDP and skyrocketing.
The tea party wanted and actual spending cut … instead all that happened was a theoretical cut sometime in the future.
As China said … you shouldn’t eat May’s harvest in April.
Why not apy attention to China … they have communism in common with Obama. Its just that their communism is successfull.
Are you blind or just stupefyingly ignorant? Socialism is collapsing everywhere it is practiced. Europe is crumbling under the weight of a entitlement-dependent economic class. Only a total imbecile would blame the Tea Party and Fox News. Your comments would be hysterically funny if your mind-numbing ignorance wasn’t so frightening.
Let me ask you, “When does this mess become Barack Obama’s fault?” Who the f**k are you kidding? You SOBs would be hailing his great achievements had his policies succeeded. The Democrats controlled both houses of congress for four years prior to the Republican sweep this past November. Barack Obama has been president for nearly 3 years and has become the modern day Nero fiddling while America burns.
Rather than addressing problems with jobs and the economy, Barack Hussein Obama and his Democrat conspirators pushed through legislation that most Americans opposed which has helped stifle economic expansion. If more people were working and paying taxes, we wouldn’t need to go back to the “well” of class warfare. But this is the modus operandi of the Democrats. Divide the American people through class envy and fostering victimhood through false accusations of racism and sexism.
Do a little research. You could confiscate all of the money from the so-called wealthy and it wouldn’t keep this country from sinking into a financial abyss. The wealthiest 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.
We’ve spent our way into this problem—both Republicans and Democrats and the only group of Americans who seek to apply the brakes are members of the Tea Party.
Mark my words… Barack Obama will lose to whomever the Republicans nominate in an historic and humiliating defeat and the Democrats will lose the Senate and even more ground in the House of Representatives. Then the ball will be in the Republican’s court, Hopefully they get the message.
Why would CBS take such a hit? It is, after all, under the watchful, professional eye of the 57 MILLION DOLLAR man…Les Moonves.
Sometimes paranoia’s just having all the facts.