last night I had a bowl of soup with an old friend, a full-time techie, one-time journalist and a veteran blogger who has done the rounds of several media groups. In his inimitable self, he spoke about the mistakes that several groups - but two large television groups in particular have made - especially regarding their insane online strategies. the massive portal strategy of one group is sinking and the other group has hired two has-beens with horrible track records to run their online operation - which is on a Yahoo-esque spree of launching inane sites!
Anyway, it would be a lie to say that there is no cash out there - there is a lot of cash out there - it is just that people are holding onto it for dear life. And this means that quite a few TV channels are finding it rather difficult to survive. The only people in any position of power - the dominant players in the language media papers and magazines.
So if teh bad times continue for a another six-eight months will any TV channel shut down? Do you think they will? Comments welcome.