THE DOWNER CHANNEL.(influence of terrorist attacks on broadcasting industry)(Brief Article)

Broadcasting & Cable, October, 2001

AOL Time Warner sliced its financial forecast last week, saying that the fallout from the terrorist attacks would cost the company $1 billion-$2 billion. Rather than increasing 2001 revenues 12-15% to $40 billion, AOL's looking at 5-7% growth to $38 billion-$3 8.7 billion. Cash flow will only grow 20% to $9.9 billion instead of the 29% or $11 billion AOL had been promising. The company acknowledged that numbers had been turning downward even before the Sept. 11 attacks. ...

Senate Commerce Committee Chairman Fritz Hollings (D-S.C.) postponed an Oct. 3 hearing on copyrighting digital content until later in the month. Since the terrorist attacks, the committee has been swamped with work on aviation and other related issues. ...

C-SPAN said it will...

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