Saturday, September 25, 2010
What Do Zucker, Klein Firings Have In Common?
Nor is it any surprise to learn that CNN U.S. President Jon Klein is out today as well, after failing to figure out how to stop the cable news channel's continuing ratings slide. But what do the two events have in common?
It's yet another example of how quickly the public has lost its loyalty to what were once dominant mainstream showbiz brands.
The most startling statistic Patrick Goldstein of the latimes.com saw in the stories about Zucker wasn't that NBC Universal generated roughly $2.3 billion in profits last year; it was how little NBC figured into the revenue picture: 80% of those profits came from the company's cable division.
Read more here.
Posted by Tom Benson at 7:19 AM