Via Paid Content, here is former News Corp. COO Peter Chernin’s advice on where to focus investment in media:
In a panel discussion with Gordon Crawford, managing director of The Capital Group Companies, at the USC Annenberg School for Communication, Cherin also offered a warning—not that most investors needed it. “You stay out of the U.S., you stay out of western Europe, and you stay out of broadcast, newspapers and traditional media.” China’s media industry, despite being less affected by the global recession than the West, is no oasis, he said. Offsetting the attractive growth opportunities are massive barriers to entry. “You can pretend to do a lot of things in China, but you can’t really make money there.” He prefers other Asian countries, such as India, Indonesia and the Philippines for doing business. continue reading...
I want to run this man’s fan club, seriously.
There’s a saying that states: fear is temporary, greed is permanent. Well, you can add, greed is global, too.
Apparently, after losing their shirts and fleecing their own investors in the North American video market (quick, name me on more successful exit in the space other than YouTube - too late, the elevator’s moved on), VCs are now losing their shirts - and making me lose my lunch - in China, too. continue reading...
Question from reader…
Q: Do you think Microsoft and other investors invested in Facebook at a lower valuation than the reported $15B? continue reading...
One of the other arguments in the “YHOO should remain independent”camp is that Yahoo! Asian Alliance Agreement.
In essence, it argues that Yahoo! can somehow: continue reading...
Facebook’s CEO and founder Mark Zuckerberg is as reckless as they can get when it comes to his management of Beacon: ballsy on Madison Avenue, then apologetic on his blog, then brash again on 60 Minutes.
But when it comes to Facebook’s global strategy, Zuckerberg is quite sedate and demure. To penetrate China, instead of the go-at-it-alone strategy, he enlisted Li Ka-Shing to the tune of a $60M investment (previously it was reported that Facebook was mulling an M&A strategy in China). To penetrate Germany, the largest European web market, he is bringing on the Midas touch-wielding Samwer brothers, who incidentally started a Facebook-inspired German social networking site for students. continue reading...
“We predict internet advertising to pass three milestones over the next three years,” ZenithOptimedia’s forecast said. “We expect it to overtake radio advertising in 2008; to attain a double-digit share of global advertising in 2009; and to overtake magazine advertising in 2010, with 11.5% of total ad spend.”
In 2008, Worldwide internet ad spending will climb to $44.6 billion from about $36 billion, as such, the Internet will overtake radio to become the fourth largest medium with 9.4% of global advertising share; and in 2010, it will overtake magazines to become the third largest medium with an 11.5% share. continue reading...
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