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Media and Entertainment Forecast: Grim, Grimmer, Grimmest
Michael Hedges June 17, 2009 (follow on Twitter)
Since the dot.com bubble burst as this century began financial modelers have moved from irrational exuberance to caution to fear. With the dramatic unhinging of worldwide financial markets forecasters maintained a shred of optimism about the media and entertainment industries. Improvement would come, they said even into this years’ first quarter, in a year or so. The shred of optimism is being shredded.
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