THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.
THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.
THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.
THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.
PERMALINKS:
THE NEWS HACKS' DICTIONARY
THE EUGENE DAVID GLOSSARY
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Hollywood studios have profited handsomely as people with new players built DVD libraries. Buyers spent about $15.6 billion last year vs. $9 billion in 2002, says Tom Adams of Adams Media Research. Yet the novelty is cooling now that DVD players are in 70% of homes.
"This is a pivotal year," says Adams. "We're running out of new homes. And the longer you have a machine, the fewer DVDs you buy." He says sales growth will slow from 17% this year to 7% in 2007.
Better news:
Some studios are so worried about failure that they've begun to pay A-list stars and directors as much as 35% of a film's gross revenue, up from 20%, Variety magazine reports. "Hollywood has gone off into fantasy land," Vogel says. "It works as long as the business is growing. If the business is leveling off, it's almost an act of desperation."
But Mr. Vogel forgets that he is in no position to judge one fantasy land, residing as he does in another -- WALL STREET.