2007 challenging year for media biz
EmptyMORE YEAR END REPORTS
A sluggish economy and advertising market, a weakening DVD business, the global credit crunch and the continued digital transformation -- 2007 has been a challenging year for the big seven media and entertainment companies. While no two media conglomerates are alike, The Hollywood Reporter takes a look at their year-to-date performance in key business and financial areas. We examine their stock performance and operating profit growth (or decline) in key media and entertainment units for the first three quarters of 2007 (such companies as News Corp., Disney and Sony have fiscal years that are different from the calendar year). Results for the important holiday season don't arrive until late January or early February, but the analysis provides a first feel for how 2007 went for these media giants. Based on this examination, we offer an overall rating.