Hot Topic - Central European Media Enterprises (CME)
As the Soviet bloc crumbled in Eastern Europe great opportunity opened. Western investors, many with broadcasting and publishing experience, seized the chance as old state structures vanished. They brought money and talent. Success was at hand. Things changed. In the last decade or so, many of these investors walked away. Some ran. Most, now, are gone. The tales are illuminating.
Companies move through stages, entirely predictable. Financial investors also have their phases. Circumstances, certainly, dictate much of the flow but, like the sun rises and sets, investors move on to newer opportunities. Companies either evolve or fade away.
It’s the season for change agents. Helicoptered in from the home office, turn-around specialists are single-minded and short on patience. They prefer core businesses, preferably with fewer employees. Competitors, though, are happy to see them.
Challenging times call for decisive action. Some media operators choose to stay the course, albeit with fewer resources. Others take the opportunity to cut and run. Shareholders like that if buyers can be found. The other option is to wait and maybe that ship will come in.
The pain has moved to the television business. Between second screens and diminished ad revenues, big TV companies are cutting costs further, shedding assets and generally restructuring. Publishers went through this exercise and several emerged with only light haircuts. When ad and subscription revenues held on broadcasters thought they would avoid the barber: maybe not.
The great financial crisis has caused considerable pain in the media sector. And, too, there’s been the hysteria as new media takes more and more attention space. Buy the rumor, sell the facts, say the traders.
Positive, even stunning, year-end financial results continue to roll in from television broadcasters. Yes, ad revenues are recovering. Cost control and restructuring have their benefits but does this create a dangerous blind-spot?
See also...
|
Hot topics click link for more
Media in Spain - Diverse and Challenged – new
Media in Spain is steeped in tradition. yet challenged by diversity. Publishers hold great influence, broadcasters competing. New media has been slow to rise and business models for all are under stress. Rich in language and culture, Spain's media is reaching into the future and finding more than expected. 123 pages, PDF. January 2018
Order here
The Campaign Is On - Elections and Media
Elections campaigns are big media events. Candidates and issues are presented, analyzed and criticized in broadcast and print. Media is now more of a participant in elections than ever. This ftm Knowledge file reports on news coverage, advertising, endorsements and their effect on democracy at work. 84 pages. PDF (September 2017)
Order here
Fake News, Hate Speech and Propaganda
The institutional threat of fake news, hate speech and propaganda is testing the mettle of those who toil in news media. Those three related evils are not new, by any means, but taken together have put the truth and those reporting it on the back foot. Words matter. This ftm Knowledge file explores that light. 48 pages, PDF (March 2017)
Order here
More ftm Knowledge files here
Become an ftm Individual or Corporate Member to order Knowledge Files at no charge. JOIN HERE!
|
|
