Lest TV people get all high and mighty about the death of dead tree media, this recent quote from a portfolio manager (who could buy and sell us all) claims that things are looking bad for all media people in this quickly evolving digital landscape: “What we’ve got here is a recession in advertising. It started in local media – radio and newspapers – and is now spreading to TV.”
The culprit, as usual, this darned thing we call the Internets: "The slowing economy is clouding the outlook for US media groups at a time when many are seeing their businesses strained by technological changes and new forms of digital distribution."
On the bright side, we can only hope that this means more local d-bags who work at ad agencies will be fired. The skanks who work in client relations (or pretend to do creative) we're all looking at you and want to know which strip club you'll be appearing at next.
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