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.
More Quotes from Harold Vogel:
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,Harold Vogel
Cable carried the ball for everything during the quarter--That's the way they've been for a long time now.
Harold Vogel
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.
Harold Vogel
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.
Harold Vogel
They'll project how much each film can generate. The difficulty is, probably only the top 10 films generate 80 percent of the income.
Harold Vogel
Five years from now, we'll have a much better idea of how it will shake out.
Harold Vogel
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