David Banks
David Banks
ability advertising anchor cup event franchise generate help longer people term unaware
Most people are unaware of how big an event the World Cup is, or of its ability to generate advertising revenue. What the World Cup does is help anchor a franchise and lock-in longer term advertisers.
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They already made a hostile bid once and our board reviewed it and rejected it.
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I think the Stern momentum has largely played itself out and will probably kick in again Christmas, but the big ramp that was associated with Stern coming is probably over.
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U.S. firms tend to be a little more flexible. They'll take people with less experience, as long as they are willing to learn the appropriate skills,
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There has been no hostility yet, ... We're keeping our fingers crossed.
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We are relieved to put this issue behind us so that we can focus more sharply on the key factors that drive our business results and that continued to challenge us throughout 1999, ... It is difficult at this time to predict what impact, if any, the settlements will have on these factors.
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As people continue to get more and more recorded content for free, one can assume that artists will attempt to make more money by performing live. And the artists are pretty powerful.
areas
This is one of the areas of growth.
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The uphill battle will be getting a partnership with auto makers willing to put radios in their cars as original equipment.
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I don't think there's been a change in sentiment about the live entertainment business. It hasn't been a great business and I don't expect the fundamentals to shift.
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I don't think there's anything in the landscape which suggests a wholesale change in fortunes here. The expenses related to programming investments are not really one-time issues. They're going to be with us a little bit.
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The effort is really divided into three phases, ... First, you have the emergency phase, which is how you respond in the first few days. Then there is a clean-up phase and finally long-term recovery.