Madison Avenue is running scared. Its recent “upfront” – a glitzy annual ritual in which broadcasters give sneak peaks of their upcoming seasons to advertisers and book billions of dollars in advance bookings for these shows – was a dud whose $8.95 billion take represented the third successive year of decline.
Fear and Loathing with Sarbanes-Oxley
The Financial Times has a story about how CEOs and CFOs feel about providing the financial markets and investors with guidance regarding a publicly-listed company’s future earnings.