Owners announced they were “pulling the plug on the 5-year-old venture, which supplied programming to about 100 stations nationwide, including KTLK-AM (1150) in Los Angeles. The network had had financial problems from the outset, and they were exacerbated by the worsening U.S. economy, which has resulted in advertising cutbacks across all media.”
Tag: 01.23.10
NBC Profits Plunge (And That’s Before L’Affaire Conan)
“Segment profit for NBC Universal was $602 million, 30% less than the fourth quarter of 2008. During the year-ago period, the media unit was floating on the success of “Mamma Mia” DVDs. Revenues for all of NBC Universal were down 4%, to $4.26 billion.”
EL Doctorow On His Writerly Style
“I don’t have a style, but the books do. Each demands its own method of presentation, and I like that. My theory about why Hemingway killed himself is that he heard his own voice; that he reached the point where he couldn’t write without feeling he was repeating himself. That’s the worst thing that can happen to a writer. A new reader shouldn’t be able to find you in your work, though someone who’s read more may begin to.”