The second episode of Deadline Wall Street With David Lieberman features our executive editor talking with moderator David Bloom about Quarter 2 Earnings Season on Wall Street for Big Media stocks. Media company after media company turned in relatively promising numbers, Lieberman reports, but for every optimistic presentation by a CEO, there were hints of reason for concern, especially for weak advertising revenues on the companies’ broadcast and cable networks.

Lieberman also says that rights fights between cable networks and pay-TV providers will become increasingly common as fees rise and consumers refuse to pay much more. Meanwhile, in a marked shift from several years ago, merger fever is over. These days, Big Media companies have a new trick to build share prices: Give money back to shareholders.

Follow David Lieberman on Twitter at @DeadlineDavidL.

Deadline Wall Street episode 2 (MP3 Format)
Deadline Wall Street episode 2 (M4A Format)

(The enhanced podcast in the .m4a format is compatible with any device using Apple’s iTunes program and includes additional links and graphics. The .mp3 format version is audio only, and will work on virtually any device capable of playing back an audio file.)