S&P Sees Another Tough Year for Most Media Companies
Posted on May 09, 2008 at 07:11 AM EDT
2007 was a difficult year for US media companies. Overall advertising revenue did not grow during the year, and the film and television sectors were crippled by the writers’ strike. In a new report, Standard & Poor’s sees only a minor improvement in 2008 thanks to the US elections and the Olympics. S&P forecasts [...]