Industry Summits
U.S. sports leagues prepping for worse 2009
NEW YORK (Reuters) - Next year will reveal whether recession-weary consumers and companies open their wallets to support their favorite athletes and teams, but many sports are already planning worst-case scenarios. Full Article
Media execs see deal opportunities in downturn
NEW YORK (Reuters) - The media and technology sector, which has seen a spate of failed merger attempts in 2008, should brace for more aggressive dealmaking next year spurred by bargain-basement valuations. Full Article | Video
Growth of ads in video games still far away
NEW YORK (Reuters) - For years, experts have been saying that advertising embedded in video games will someday become a big business. It appears that someday is still far off. Full Article
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Media eyes some light in dark times
NEW YORK (Reuters) - For the media business, slightly down may be the new up, to paraphrase entertainment veteran Strauss Zelnick. Full Article
Media and sports chiefs cut consumption in downturn
NEW YORK (Reuters) - Maybe the Jackson Pollock can wait until next year. Full Article
IAC sees cascade of M&A opportunities
NEW YORK (Reuters) - IAC/InteractiveCorp Chief Executive Barry Diller is sitting on a pile of cash but he isn't going to give in to investor demands that he buy back stock to rescue the company's ailing share price. Full Article
As ad spending drops, media agencies face turmoil
NEW YORK (Reuters) - The U.S. and Europe will be hit by increasingly severe cuts in advertising spending by marketers, some of who have already begun demanding media agencies lower their fees as one way to cut budgets, according to a top executive of advertising giant Interpublic Group. Full Article
Industry sales good so far: Take-Two
NEW YORK (Reuters) - Black Friday sales for the video games industry were probably better than expected, but that's no guarantee of strong sales for the rest of the holiday season, Take Two Interactive Software Inc Chief Executive Strauss Zelnick said on Thursday. Full Article
WSJ editor sees hope for print ads
NEW YORK (Reuters) - The conventional wisdom about media and the financial crisis is that big advertising budget cutbacks will devastate print newspaper and magazine publishers. The Wall Street Journal's top editor sees the possibility of a different outcome. Full Article
Live Nation sees flat growth in 2009
NEW YORK (Reuters) - Live Nation Inc , the world's largest concert promoter, expects fan attendance to increase more than 10 percent this year, but no additional growth in 2009 due to the weak economy. Full Article
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