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.
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