Predicting a "ripple effect across most mediums," a top Wall Street analyst Thursday warned that a looming labor action against General Motors Corp. could disrupt ad spending patterns, accelerating the auto giant's shift from traditional media toward online media. Such a strike, the report said, could further destabilize an already troubled Interpublic Group, but would likely benefit digital shop Digitas. ...Read the whole story
Short-circuiting reports of an imminent purchase of Univision, CBS' top financial executive virtually pulled the plug on the likelihood of a deal to acquire the largest U.S. Spanish-language broadcaster. ...Read the whole story
Shari Redstone thinks her media-mogul brethren have the wrong idea about how fast films should go from the theater to DVDs. While both Disney's Bob Iger and Time Warner's Richard Parsons have suggested the time gap between theatrical and DVD releases may soon collapse significantly--Iger has even touted a simultaneous release plan--Redstone argued forcibly yesterday for maintaining the current tiered structure of distribution windows. ...Read the whole story
Interpublic's CEO Michael Roth continued to express optimism in troubled Lowe Worldwide yesterday, while acknowledging that a turnaround is needed fast--or else. ...Read the whole story
Two new magazines targeting young women are scheduled to launch this summer--and although they have distinctly different feels, both suggest print is very much alive, even in a period of continuing "market fragmentation." ...Read the whole story
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