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Technological change arrives in waves. Progress is always uneven. Islands of tradition persist amid the incoming tide. The self-employed stocking-makers who lived and worked in Nottinghamshire during the early 19th century inhabited one such island. Theirs was a highly-skilled craft: it proved harder to automate than cotton production. Despite this, the stockingers were forced to [...]
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Earlier this week, Eric Hommels offered us a glimpse of the challenges that confront venture capitalists across Europe. At a conference in London, Hommels asked: “Who is going to buy all the shit in our existing portfolios?” No doubt Hommels meant to say “stuff” rather than “shit”. All the same, his question is starting to [...]
Posted in Advertising, Film, Financial, TV | Also tagged Fred Destin, Jeffrey Katzenberg, Jonathan Knee, Lew Wasserstein, MCA/Universal, Michael Bloomberg, News Corporation, Telegraph Media Group, The Curse Of The Moguls
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The Wall Street Journal has been reassessing (yep — sub. still reqd.) the £8.7bn price tag attached to Reuters by Thomson back in May. If all goes according to plan, the deal to create Thomson-Reuters Corp will be finalized during Q1 of next year. The price tag was big enough at the time. Thomson’s offer [...]