Word: gottesman
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...This is an industry in which weird stuff happens," says Paine Webber analyst Alan Gottesman. Weirdness is fine. There are plenty of goofy-sounding new cable channels in the works -- a channel devoted entirely to food, another devoted entirely to golf -- but at least behind those are single-minded individuals pursuing their dreams of having more shows about pesto and four- irons on TV. The broadcast networks' proposed channels, to the contrary, are not being launched mainly out of Ted Turnerian visionary determination, but defensively, hastily, by default...
...Warner, which derives 25% of its revenues from cable programming and operations, has endured a share-price decline of 32%, to 95 1/2, during the same period. "I would say the cable industry is at the North Pole now, a point from which all directions are south," says Alan Gottesman, a financial analyst for Paine Webber. Others are less pessimistic. "In the short term, there is a lot of regulatory uncertainty, but over the long term, cable is still a terrific business," contends John Mansell, who follows the industry for the research firm Paul Kagan Associates...
Maurice finally sounded a tocsin last March, warning that profits would decline for at least the first half of 1989. He also announced plans to sell off much of the firm's $360 million consulting investment. Calling the move "ham-handed," Alan Gottesman, an advertising analyst at the Paine Webber brokerage firm, noted that Maurice "managed to depress morale and performance in the consulting arm at the same time that he was letting potential buyers know they could pick up the firms at a discount." Fearing a messy auction, clients began to switch to other consulting agencies. So far, only...
...average network share of television audiences has plummeted, from 90% to just 61%. At the same time, the network share of television advertising revenues has diminished, from 45% in 1979 to 36% last year. Cable operators absorbed much of the ad spending that the networks lost, according to Alan Gottesman, who follows the broadcasting industry for Paine Webber...
...powerful tool for advertisers. "I think we've got a long way to go before the house of cards collapses," says Larry Gerbrandt of Paul Kagan Associates. "On any given night, with any given show, they have the ability to attract a predominant share of the TV audience." Alan Gottesman, media analyst at Paine Webber, asserts, "The next thing you will hear will be the turning of the worm. There is an operating cycle of about two years in this business. Each network has gone through a semicataclysmic change in management. If you add two years to that, you come...