The French government has announced a ten-fold increase in its support for the country's print media, in an effort "...to make sure an independent, free and pluralistic press exists," according to President Nicholas Sarkozy.
I have been talking with a number of senior executives of large media corporations and I really think it is an exciting business to be in. Take a look at a chart of EBITDA multiples versus EBITA from a Goldman Sachs research report on the media business growth rates tells us something. Look at the differences between video games and Internet versus newspaper. That tells you why media executives are up at night thinking about how to play the NEXT game.