If we are indeed in a recession the winners will be: Online companies and diversified overseas companies, according to a report in the Media Buyer Planner . The losers will be Radio and TV, magazine publishers, newspapers and cable operators. Wow!!! That's a heap of hurt that probably even affects newspaper deliverers...
You can count on cutbacks in ad spending in the losers category, which has already slowed. Online advertising is expected to be up almost 25% over what was spent in 2007. In the fourth quarter, online advertising was up 27% to $25.5 billion and further spending shouldn't be affected by a recession. A recession will hurt media and entertainment stocks too although Viacom and News Corp. should do well because of their global reach. There are those that paint a rosier outlook for TV advertising, predicting net revenues worldwide reaching $123 billion in 2008 thanks to the impact of the Olympics, which is another story begging to be told given the political climate in China...
North America (with nearly $46.3 billion) figures to gain the majority of the 2008 revenue, followed by Western Europe (nearly $32.2 billion projected) so it's not all gloom and doom although the media is in for rockier times if we are in a recession...
10 Timeline Memories:
- 1901] Nice in Nice: The Mercedes is introduced by Daimler at the "Week of Nice" in Nice, France. A look at today's Mercedes ...
- 1911] Up in flames: 146 women are killed at the "Triangle Shirtwaist Company" in New York City. The owners of the company are charged with manslaughter when it's discovered that the factory doors were locked. In 1914 they are forced to pay damages to all the victim's families...1990] Fire races through an illegal social club ("Happy Land") in Manhattan, killing 87, mostly Honduran and Dominican immigrants...
- 1913] Playing the Palace: The Palace Theatre, home of vaudeville, opens on Broadway...
- 1965] Marching along: Martin Luther King Jr. leads a group of 25,000 to the state capitol in Montgomery (AL) to protest the denial of voting rights to blacks...
- 1975] 'Happy Trails': King Faisal of Saudi Arabia is shot to death by a deranged nephew who will be beheaded the following June. Faisal was 72...2006] Legendary Country artist and radio station owner, Buck Owens dies in his sleep from an apparent heart attack at 76...
- 1988] Guilty as charged: Robert E. Chambers Jr. pleads guilty to 1st-degree manslaughter in the death of 18-year old Jennifer Levin in Manhattan's so-called 'Preppy Murder Case'...2003] Philip Giordano, former mayor of Waterbury (CT) is convicted of violating the civil rights of two pre-teen girls by sexually abusing them...
- 1995] Free as a bird: Mike Tyson is released from jail after serving three years...
- 1996] Monopoly money: The redesigned $100 bill goes into circulation...
- 1997] 'Geroni-mohhhhhhhhhhhh': Former President George H.W. Bush parachutes from a plane over the Arizona desert as #41 celebrates his 73rd birthday 3 months earlier...
- 2004] Fetus law: Congress passes a law making it a separate offense to harm a fetus during a violent federal crime...
Music Memories:
- 1957] Recorded on this date: "A Teenager's Romance/I'm Walkin" - Ricky Nelson...1960] "Only The Lonely - Roy Orbison ...
Commentary:
I got up for breakfast and baseball at 6 a.m. It is just very weird watching a game over coffee but I did see the opening of the baseball season on ESPN as the Red Sox took on Oakland...Congratulations to Mel Karmazin for getting the nod from the justice department on the XM-Sirius merger. The FCC will follow with their approval. The man is just a winner...Sorry to hear about the passing of Jack "Your Leeeeeeadahh" Armstrong whose body was found in his home on Saturday. Jack a.k.a. John Larsh, was 62. I remember Jack from my time in Pittsburgh and Boston. He was on 13Q and WMEX in those respective markets...
"Happy Birthday...happy birthday":
Katharine McPhee (24), Danica Patrick (26), Tom Glavine (42), Sarah Jessica Parker (43), Marcia Cross (46), Lee Mazzilli (53), Elton John (61), Aretha Franklin (66), Anita Bryant (68), Gloria Steinem (74), Gene Shalit (76), Jim Lovell (80) and Eileen Ford (86)...
Timeline Countdown: 11 days until the Final Four, 13 days until the NCAA Championship game and 25 days until Passover...
