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...Cable TV also has free, night-on-the-couch appeal for the cash-strapped, plus another advantage. The research firm SNL Kagan says cable TV advertising will have grown an impressive 10.7% by the end of 2008, as channels like ESPN and Lifetime continue siphoning viewers away from broadcast TV. Next year cable ad revenues will grow only 4.7%, Kagan predicts, because of the recession. But when squeezed companies slash their advertising budgets, cable has the cushion of a second revenue stream - about 50% of its cash comes from affiliate fees paid by cable operators...

Author: /time Magazine | Title: How Will Recession Affect the Entertainment Biz? | 10/24/2008 | See Source »

Emblematic of the troubles that the once mighty Big Three face are the merger discussions taking place between GM and Chrysler, which is controlled by the New York private equity firm of Cerberus. Any GM/Chrysler merger would very likely involve what amounts to battlefield surgery, requiring the traumatic amputation of several factories, hundreds of dealerships across the country and thousands of blue and white collar jobs. GM, which has been fighting rumors of bankruptcy since mid-summer, has had a hard time lining up the financing that would be needed for any deal with Chrysler, even though the U.S.Congress recently...

Author: /time Magazine | Title: Detroit's Big Three Near the Brink | 10/24/2008 | See Source »

...very clear just how little investors [in Asia] had factored in a very steep global slowdown," says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong, where the Hang Seng index fell...

Author: /time Magazine | Title: Markets Plunge Again in Asia, Europe | 10/24/2008 | See Source »

...City University of New York's Baruch College, some of the people closest to the market swapped stories of operating in such a harried environment. "Everything happens so quickly now, you don't have time to digest it," said Tim Mahoney, CEO of Bids Trading, an order execution firm, speaking from the dais. "I'm grateful to be here and not on the desk," joked George Bodine, the director of trading at General Motors Investment Management. "It gives me one day of reprieve...

Author: /time Magazine | Title: Keeping Up (Barely) with the Market's Wild Volatility | 10/24/2008 | See Source »

...spring, the College hired a consulting firm to conduct focus groups with students from each of the four House “neighborhoods” to gauge opinion about the existing housing situation...

Author: By Abby D. Phillip, CRIMSON STAFF WRITER | Title: Subcommittees To Weigh in on House Life | 10/24/2008 | See Source »

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