Hot August Write-Downs: Big Media Can’t Hide From Hard Decisions on Cable Valuations Any More

It may not have registered on the scale of the Moon landing, the “MASH” finale or the denouement of “Survivor” Season 1, but this was an incredibly momentous week for the business of television. The parade of second quarter earnings reports for major showbiz conglomerates made it crystal-clear that there is no more avoiding the […]