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The Curse Of The Mogul: What'S Wrong With The World'S Leading Media Companies,New
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If Rupert Murdoch and Sumner Redstone are so smart, why are their stocks longterm losers?We live in the age of Big Media, with the celebrity moguls at the helms of the media conglomerates telling us that 'content is king' and 'growth is good.' But for all the excitement, glamour, drama, and publicity they produce, why can't these moguls and their companies manage to deliver the kind of returns you'd get from closing your eyes and throwing a dart? In The Curse of the Mogul, Jonathan A. Knee, Bruce C. Greenwald, and Ava Seave lay bare the inexcusable financial performance that lies beneath Big Media's false veneer of power.In an industry built on celebrity, mogulfueled megalomania has run rampant, with shareholders footing the bill. Moguls have successfully propagated a myth that both makes them appear indispensable to the business and justifies their lousy performance: since they are managers of creative talent and artistic product, being subject to appraisal using traditional strategic, financial, or operational metrics is just unfair, isn't it?But the stark facts speak for themselves:?Since 2000, the largest media conglomerates have lost $200 billion in market capitalization from their collective balance sheetsmaking Citigroup's red ink look like a pale blush.?These media companies have consistently underperformed for over a generationnot just since the Internet emerged as a competitive force but for the decade before anyone ever heard of 'new media.'?Misguided investment and acquisition strategies have created the paradox that, in media, the faster revenues grow, the worse the stocks perform.By rigorously examining individual media businesses on their own terms, the authors point out the difference between judging a company by how many times it's CEO is seen in Sun Valley and by whether it generates consistently superior profitability. The book is packed with enough sharpedged data to bring the most highflying, hotairfilled mogul balloon crashing down to earth.
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- Q: How many pages are in the book? A: There are three hundred twenty pages in the book. This length provides ample content to explore the themes discussed by the authors.
- Q: What is the binding type of the book? A: The book is hardcover. This type of binding offers durability and a premium feel, making it suitable for extensive reading.
- Q: What are the dimensions of the book? A: The book measures six point three four inches in length, one point one one inches in width, and nine point two nine inches in height. These dimensions make it easy to handle and store.
- Q: Who is the author of this book? A: The author is Jonathan A. Knee, along with Bruce C. Greenwald and Ava Seave. Their expertise in finance and media provides a well-rounded perspective.
- Q: Is this book suitable for beginners in finance? A: Yes, this book is accessible to beginners. It explains complex media industry concepts in a clear and engaging manner.
- Q: What genre does this book belong to? A: The book falls under the Finance genre. It critically analyzes the performance of major media companies.
- Q: How should I store this book? A: Store the book upright on a shelf to maintain its shape. Avoid placing heavy items on top to prevent damage.
- Q: Can I clean the book if it gets dirty? A: Yes, you can clean the book. Use a soft, dry cloth to gently wipe the cover and avoid using water or cleaning solutions.
- Q: Does this book contain adult themes? A: No, the book does not contain explicit adult themes. It focuses on financial analysis and media industry critique.
- Q: What if the book arrives damaged? A: If the book arrives damaged, you should contact customer support for a return or exchange. Most retailers have policies in place for such issues.
- Q: Is there a warranty for this book? A: No, books typically do not come with a warranty. However, return policies may cover damaged items.
- Q: How do I return the book if I don't like it? A: To return the book, follow the retailer’s return policy. Usually, you can initiate a return through their website or customer service.
- Q: What makes this book a good read for media professionals? A: This book provides critical insights into media company performance, making it valuable for media professionals seeking to understand industry pitfalls.
- Q: Is this book recommended for academic use? A: Yes, it is recommended for academic use. It includes well-researched data and analyses relevant to media studies.
- Q: Does the book include any illustrations or charts? A: No, the book does not include illustrations or charts. It primarily focuses on text and data-driven analysis.
- Q: What critical themes are addressed in this book? A: The book addresses themes like financial performance, media moguls, and investment strategies in the media industry. It challenges common myths surrounding these topics.