OAB CONNECTION: Uncertainty, fear of "neutron bomb" rules over media in a bear market

TORONTO – A confirmed bear market and non-stop changes and challenges means investors are pretty nervous about the long-term future of traditional media companies, BMO analyst Tim Casey told attendees at the annual Ontario Association of Broadcasters Connection 2011 conference today in Toronto. Casey pointed to some macro-economic trends that are dragging everyone and everything down, from the debt crisis in Europe to the plunge in copper prices. He added that while many are hoping for a mid-2012 rebound, most portfolio managers are “under water for 2011” and “can’t see where the rally is coming from.” When looking at the...