This officially recognizes what the market has already stated Traditional broadcasting assets are worth less than they were a few years ago.
More Quotes from Fred Moran:
AOL Time Warner will be valued like a traditional media company with superior growth prospects,Fred Moran
The AOL division actually came in worse than expected.
Fred Moran
The write-downs are more of a reflection of what's happened in the past rather than an indicator of the future. The value of television and radio stations have clearly declined in the last three to four years as those media compete with other forms of advertising, namely the Internet.
Fred Moran
We're seeing an influx of competition on national level with various players partnering together, ... Now we have a number of fully national partnerships competing head to head.
Fred Moran
Nextel is focused on the emerging market where wireless penetration is minute and growth potential is still ahead,
Fred Moran
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