(From Reuters)
LEHMAN BROTHERS cut the stock ratings of THE WALT DISNEY COMPANY, TIME WARNER and other top entertainment companies, fearing the television and film industry could suffer the same battering as the music business.
Along with Disney and Time Warner, Lehman lowered its ratings on NEWS CORP and CBS CORP on concerns about "structural changes that appear destined to impact the core revenue and profits of the entertainment business."
TV And Film Business Facing Dark Days
Tom Blais, thanks for the post.
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