Goldman sees tough '08 for media cos.
Nov. 28 - Goldman Sachs says the traditional entertainment sector is going to have a challenging 2008.
Internet and Entertainment Analyst Anthony Noto says the "housing crisis, credit crunch and tougher debt markets will hurt consumer spending and therefore advertising" into 2008. Noto, speaking at the Reuters Media Summit in New York on Wednesday, says CBS has the largest exposure to advertising and could face the biggest risk. Speaker: Anthony Noto, Internet & Entertainment Analyst, Goldman Sachs
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