Tuesday morning I received an email from one of financial publishing’s legends. It said, “Market crashing! Last chance for today’s flash alert!” The email came at 10:00 AM, and I didn’t open it until 10:20, minutes before I go into lock down… my four-hour communications blackout during which I write – nothing else. Of course, “Market Crashing!” is an inflammatory subject line.
News Corp. (NWS), the media giant owned by Rupert Murdoch, will strengthen its presence in India with the creation of six regional television channels.Murdoch has in the past warned that an advertising slowdown in the newspaper and television industries would have a decidedly negative impact on U.S. media businesses. At the same time, however, India’s entertainment market is just beginning to realize its potential.
About 17 million viewers joined India’s burgeoning television market in the first half of 2008. Television advertising responded to the broader audience, growing 26% in the first six months of the year.
The media and entertainment market in India is expected to grow by 18.5% by 2012, according to consultancy firm PwC. That’s the fastest among the BRIC countries…
If you want to invest like Warren Buffett, you have to think very small says Jim Nelson in Penny Sleuth.
Buffett’s investment vehicle, Berkshire Hathaway (NYSE:BKR.A), made its best gains in the ’70s and ’80s, when its tight budget meant it could only investment in small-caps. It is much easier to make huge gains when starting from a low base.
Berkshire now deals with the world’s largest organizations. The next Buffett will be investing in today’s penny stocks. More from Jim…
Congress Considers Steel Pennies and Nickels; Slovakia to Adopt the Euro; U.S. Home Sales Hit New Low in March; “Grand Theft Auto” Nets $500 million in One Week; Vallejo, Calif. Officials Vote for Bankruptcy; Disney Shares Gain on Happy Earnings; Cisco Stock Slumps; SEC Wants to Avoid Another BSC.
With earnings season starting to wind down, investors are not anticipating many new surprises.