Sep 28 2009
∞
“ Some of the blame falls at the feet of those of us who walk around with notebooks. We love new, we love sexy, and we are all about the moguls and the grand pronouncements and tend not to worry so much about performance. While we were all riveted by watching mogul poster boy Jean-Marie Messier of Vivendi sacrifice a perfectly good French water utility on the altar of synergy, many other media companies stuck to their core businesses and returned value to their investors.
— In a line looking at the media conglomerates’ dismal returns to shareholders from David Carr’s column today, this sentence stands out to me. This paragraph is something that should be printed out in big letters, laminated and put up above every business journalist’s desk.
