Investors in the technology, information, and media space should expect a "culling of the herd," say two of the sector's big players.
"Looking at our portfolio today, it's either feast or famine," said Jonathan Nelson, CEO of Providence Equity Partners. "Some [companies] are knocking the cover off the ball." In subscription-based businesses, "growth has developed undisturbed," while those that have been hurt the most rely on an advertising model.
"People right now MOREBeth Kowitt, Writer - Jul 24, 2009 11:14 AM ET
Biz Stone says site soon will launch "Twitter 101" for corporations
In an interview that was alternately irreverent and earnest, Twitter co-founder Biz Stone on Thursday said he expects the company this year will reveal its plans making money. He also noted that Twitter still does not have a head of sales.
Stone said the public's infatuation on Twitter making money was like a "nice loving mom who wants make sure you're eating." MOREBeth Kowitt, Writer - Jul 24, 2009 3:44 AM ET
Randall Stephenson's business is all about connectivity, which means these days the AT&T chairman and CEO spends a lot of time talking about Apple.
While the company may have an exclusive deal with the maker of the iPhone, Stephenson said don't expect it to last forever, although he wouldn't expand further.
When asked if he was completely satisfied with AT&T's relationship with Apple, Stephenson said, "I don't think I could get my MOREBeth Kowitt, Writer - Jul 23, 2009 3:03 PM ET
When three of Hollywood's sharpest minds offered their forecasts on the future of the industry, it all came down to one thing: a converged world. Changes are underway in technology and how we use content that will impact what we consume and how we consume it.
Rob Wiesenthal, Sony Corporation of America (SNE), Executive Vice President and CFO:
The industry needs to take note of the millions of people watching video on MORE
There's money to be made on the Internet, according to Walt Disney Company CEO Bob Iger. And his company is making strides to find out where. Speaking at Fortune's Brainstorm Tech Conference, Iger outlined a plan to protect the present while at the same time planning for the future.
Exhibit 1: this past spring, Iger's company joined News Corp's Fox and GE's NBC (along with Providence Equity Partners) in taking an MOREBeth Kowitt, Writer - Jul 22, 2009 8:06 PM ET
|The medical marijuana ad that never aired, despite contrary media headlines|
|2 million students missing out on college aid|
|China to fight pollution with drones|
|GM raising Corvette prices|
|Boeing reports wing cracks on Dreamliners|