Analysts expect Q2 pain

July 23, 2008 The economy will be front and center when the big publicly traded entertainment companies start reporting their latest quarterly earnings next week. Management teams will provide updated guidance that investors hope will shed more light on the level of economic pain they should expect. CEO Philippe Dauman shocked investors in late May by lowering his U.S. cable network ad growth estimate for the latest quarter from 7% just a few weeks earlier to 3%- 4% citing a weak scatter ad market.

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