Posts with tag recession
Posted Apr 28th 2008 2:28PM by Jonathan Toomey
Filed under: Industry, WGA Strike, Reality-Free
It's been over two months since the WGA Strike officially ended. While most people probably assume that everything is back to normal, especially since most shows have returned with new episodes over the past few weeks, there's an interesting article over at the LA Times explaining why things aren't so great in Hollywood. Especially for TV crew members.
While the country itself seems to be spinning into a recession as necessities such as gas, milk, and eggs jump in price, many below-the-line TV crew workers (propmasters, make-up artists, electricians, and set carpenters, etc.) are experiencing their own economic crisis.
Continue reading TV crews still hurting from WGA strike
Posted Apr 15th 2008 10:21AM by Jay Black
Filed under: News, Watercooler Talk, Reality-Free
My father is a former economics major who spent 30 years as a mortgage banker before starting his own company (which does economical things so complex that to my simple mind, they might as well be magical). One of the things that constantly irks him is the loaded language that the nightly news uses to describe our economic situation: words like "crisis," "downturn," and, worst of all "recession."
Now, anybody who has spent more than forty seconds online in the last six months can see that we are, more than likely, in the middle of a
recession brought on by a
downturn in the real estate market because of the current credit
crisis. That said, I'd like to ask the question: would we be better off if TV simply
lied to us about all of these things?
Continue reading Watercooler Talk: Should TV lie to us about the economy?
Posted Apr 3rd 2008 8:03AM by Brad Trechak
Filed under: Industry, OpEd, Reality-Free
According to Reuters,
CBS is trimming its staff "amid a tough media environment and declines in television and print news outlets." According to the article, CBS is cutting one percent of its 1,200 employee workforce, including the news division. This includes many layoffs for anchors and reporters, including several who supposedly make salaries in the millions of dollars.
Most interesting is the observations of Barrington Research analyst James Goss: "My sense is that the layoffs extended to some high-priced and highly visible local talent with an eye toward applying some of the same return on investment-focused expense disciplines that started at the network level."
Continue reading CBS is tightening its belt
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