A discussion of contemporary issues in media ethics, with olives and a twist. Made with only the freshest ingredients, shaken, stirred and poured over ice. I should also mention that I do like the odd, occasional martini. Bombay Sapphire gin and Lillet, dry and plenty of salty olives. Welcome to this cocktail of journalism and alcohol. A fine combination!

Friday, 11 May 2007

Is the new media boom over?

I don't want to be a Cassandra, and I certainly don't want you all to think that I'm boosting for the Wall Street Journal (Murdoch can have it!). But two interesting articles that I've linked to here.
Both are about huge media and entertainment mulitnationals who've recently lost money on their entertainment, news and internet investments. I want to come back to this, but for now, these stories make interesting reading.
Viacom profits fall 36%

Warner Music posts net loss

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