Posted
6:18 PM
by Gene
Interesting stat:
The new management reckons that after a projected $500 million in cost savings is taken out, the new company will generate an industry-leading 20% operating profit on sales of $13 billion in 2003, with the revenue split evenly between fees and advertising [emphasis added].
In other words,
The AMERICAN SOCIETY OF WILLFULLY IGNORANT ADVERTISERS will effectively finance half of NBC Universal's JUNK movies and TV! I'll say it again:
THERE'LL BE NO REFORM OF SHOW-BIZ SO LONG AS MADAVE'S MORONS RUN THE SHOW.