The so-called "traditional" media sector had a rough week, with many companies reporting mediocre results and carnage in the stock markets. Although this was largely due to concerns around the sustainability of growing affiliate fees driven by the bundling of networks, fears around the sustainability of TV advertising and weak current results also played a role. We're not sure how media owners might have provided more confidence about the future to investors, but daily affirmations are seemingly in order for who don't want to believe the worst, but instead need to remind themselves of the true scale of the industry's problems alongside its potential.
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