Big Media a Tough Sell to Jittery Investors

[SOURCE: New York Times, AUTHOR: Geraldine Fabrikant and Richard Siklos]
Investors cannot figure out just how technological changes will affect audience behavior and how the growing competition from online media, including Google and Yahoo, as well as ad-skipping devices like TiVo and other digital video recorders, will affect traditional media companies. Beyond those concerns, they worry that with slower advertising growth, the profitability of media properties like television and radio stations could be affected. And even if the ad market were to become robust again, just how many of those dollars might flow to the Internet and away from traditional media is an open question.
http://www.nytimes.com/2005/11/03/business/media/03funk.html
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