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...recent information indicates that the internet is not going to be the great savior of major media companies, at least not anytime soon. The management teams at these companies have believed that as their customers moved online to get access to news, sports information, entertainment, video, and advice, that advertising dollars would follow. As consumers started to view movies on the internet instead of in theaters all of the money from the old model could be replaced and then some, because people would be willing to pay for the convenience of watching a movie online. In the case of newspapers...

Author: /time Magazine | Title: False Hopes for Internet Profits | 2/4/2009 | See Source »

...Recent figures from media companies show that their online businesses are performing poorly as the recession worsens. The job of making money from premium content becomes even more difficult. There may be a simple reason for this. Almost everything on the intenet is free, even The New York Times . People get used to that. If those consumers coming online to see free content aren't substantially more appealing to advertisers than people who read magazines or watch TV, the entire system that has been created to make money on the next generation of content delivery won't work...

Author: /time Magazine | Title: False Hopes for Internet Profits | 2/4/2009 | See Source »

...were probably shocked by the news last week too: bonus payouts on Wall Street fell 40% in 2008, to levels not seen since 2004. Oh, the pain, the humanity! Some media outlets, however, reported this data another way: Wall Street Gluttons Get $18.2 Billion in Bonus Money While Economy Implodes...

Author: /time Magazine | Title: Can Obama's Executive-Pay Limits Tame Wall Street? | 2/4/2009 | See Source »

...something like a 50%" correlation. "If your returns are coming from the S&P 100 stock index, you better at least resemble that stock's performance," he said. He also compiled statistics from S&P 100 index options and from the Chicago Board Options Exchange as reported in financial media. "There were not enough index options in existence for Madoff to be managing the split strike conversion strategy he purported to be running," he said. But the biggest tip-off of a fraud was that Madoff reported his fund was down only three months out of 87, whereras...

Author: /time Magazine | Title: A Madoff Whistle-Blower Tells His Story | 2/4/2009 | See Source »

...chemically induced highs. There are some signs that the Burmese government is trying to stanch the drug flow. In January, a high-profile raid in the Burmese commercial capital, Rangoon, netted a large amount of heroin loaded onto a ship bound for Singapore, according to the Irrawaddy, a media organization run primarily by Burmese in exile in Thailand. But the raid appears to have been galvanized by foreign anti-drug agents, and, as the Irrawaddy points out, it's not clear whether the Burmese junta would have raided the ship without international pressure. In the mean time, Southeast Asia...

Author: /time Magazine | Title: Burma's Opium Production Back on Rise | 2/4/2009 | See Source »

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