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Two S&P Reports Released Yesterday Look At Pressing Credit Issues In the U.S. Media & Entertainment Industry Mar 12 Product Image

Two S&P Reports Released Yesterday Look At Pressing Credit Issues In the U.S. Media & Entertainment Industry Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) March 6, 2012--As important as economic trends and managements' financial policies are to U.S. media and entertainment companies' credit profiles, the effects of industry structural trends are at least as powerful, albeit longer-term, influences. Fragmentation of audiences and content heightened competition even before the advent of the Internet. Now, wider Internet usage, particularly with broadband service becoming ubiquitous, has propelled the next wave of fragmentation and, with it, media rate deflation. The rapidly evolving ways in which consumers and businesses use the Internet suggest a faster pace of change for traditional media than in the pre-Internet 1980s and early 1990s. Standard & Poor's Ratings Services released a report yesterday, titled " Structural Shifts Continue Across...

Action: General Comment

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