The 40th annual UBS Global Media and Communications Conference wrapped up today, and I can’t recall when I’ve seen so little energy at this industry institution. Sessions highlighted the growing fissures between pay TV distributors and programmers. But the debates weren’t filled with passion. There was little gossip about potentially big deals, mostly because companies aren’t making them at a time of so much uncertainty. Big Media execs didn’t even try to dazzle attendees with clips from their upcoming productions. (The movie business seemed to be an afterthought amid the discussions about changes in technologies, business models, and the health of the economy.) There also were several important no-shows at UBS: Comcast, Sony, and Lionsgate didn’t make it. And while Joel Klein provided an enlightening presentation about his new education initiative at News Corp, investors would have appreciated hearing more about what’s happening at a company that’s undergoing a major transition. It may be that CEOs are just exhausted; they now make presentations at investor confabs throughout the year.
Still, several stood out. Here are some of the highlights:
CBS’ Les Moonves: He delivered the week’s funniest line when he referred to actor Angus T. Jones as “that kid on Two And A Half Men who’s getting paid $300,000 per episode to talk bad about me.” (Jones recently called on people to stop watching the show due to its “filth.”) Media’s chief salesman says that ad sales are strong at his broadcast network. Auto and retail companies are helping to drive scatter prices up by mid to high teen percentages over the upfront market, and the Super Bowl is almost sold out with spots going for as much as $4M. Once lawmakers deal with the so-called fiscal cliff, Moonves expects the economy to take off. He also forecasts that ads soon will be sold based on the number of people who watch up to seven days after they air — up from three.