Harold Vogel
Harold Vogel
average below build effect entertainment instead major media news pressure raise selling stock trying value
Now, ... instead of sacrificing to build assets, he is in effect trying to raise shareholder value and he was under pressure to do so because News Corp. stock was selling below the average of the other major entertainment and media companies.
certainly couple major next stage
It's certainly a very important moment. This is his first major transaction and it will set the stage for at least the next couple of years.
business producing returns shaping unhappy
They were unhappy with the way the business was shaping up. It wasn't producing the returns they wanted.
people plenty
They have plenty of people who will be very effective.
difficulty films generate percent project top
They'll project how much each film can generate. The difficulty is, probably only the top 10 films generate 80 percent of the income.
five shake
Five years from now, we'll have a much better idea of how it will shake out.
appreciation clear consider generate giant imagination leap selling sold stock time
It wouldn't be a giant leap of imagination for them to consider selling all of it. Even if they sold all of it, it's not clear that will generate significant stock appreciation for Time Warner.
ahead business moving stuck technology
Technology is moving ahead with or without them, and if they don't try to find a new business model, they're going to be stuck with the old business, which is in decline.
across advertising almost board certainty cost course economic element four growth length network positive profits raise three time
Probably this will raise the cost of programming across the board for all of the networks, and this is not a positive element for network profits if advertising growth flattens out, which it very well may over the course of three or four years, ... In fact, it is almost a certainty that over that length of time you are going to have an economic slowdown.
assets building impression key phase pieces point reached
My impression is that Mr. Murdoch has been in a phase of building assets for most of his career, 25 years or so, and he has reached the point where most of the key pieces are in place,
capitalize espn reason sounds
It sounds like they want to capitalize on the ESPN brand, ... There's no reason it could not be done.
chairman expansion including indication issues might plans regard resolve theme
They do have to resolve some issues eventually, including who's going to be the chairman and for how long. There has to be some kind of indication of what their long-range plans might be with regard to international expansion of theme parks.
care industry media might people
There will be people in the media industry that might not like it, but he shouldn't care about those.
both disney good
It something Disney had to do. It's good for both companies.