Investors Unsubscribing to 'Old Media'
A Fortune article by Adam Lashinsky, via CNN/Money, reports that:
Expect a somber mood Wednesday at the UBS Global Media Conference in New York City: It is newspaper day.
At a confab sprinkled with presentations from executives at cable networks (like Time Warner Cable), advertising agencies (example: Universal McCann), satellite concerns (BSkyB and XM Satellite Radio) and technology hardware providers that make all this media possible (Motorola, for one), Wednesday will be dominated by the biggest newspaper companies in the land.
The chief executives of Tribune, Dow Jones, Gannett, Washington Post, New York Times and McClatchy each will gamely shuffle up to the podium at the Grand Hyatt Hotel and tell investors why newspapers aren't dying. They'll explain how they are embracing the Internet and why the speedy growth in online advertising makes their companies good investments. They'll shout to the rafters that they "get it."
So far, investors aren't buying what they're selling.
posted by Fergie @ 12/06/2005 04:23:00 PM
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