Business Publication #2

The Australian-http://www.theaustralian.com.au/radio-broadcasters-are-snapping-up-bargains/story-e6frg8zx-1225805513533- Radio Broadcasters are Snapping up Bargains-I thought it was interesting that the price of digital radio as gone down significantly due to the new inventions of digital technology and the bad economy. It was interesting that since the government got involved and presumable gave away about 80 percent of the digital spectrum to metropolitan radio broadcasters, it brought the overall value of the digital spectrum down significantly. The auction that took place to sells the digital radio spectrum, was the first of it's kind and the first time a value had been assigned. According to the article, in most cases, the value set was exceeded at the auction. Now the money that had been raised from the auction will be put to use to help increase the number of listeners.

Business Week-http://www.businessweek.com/investor/content/nov2009/pi20091130_268411.htm- MGM Mirage's High Stakes Gamble-Due to the recent drop in Las Vegas visitors, MGM's hotels have been struggling to survive. But, with the opening of a new hotel/shopping plaza/casino, MGM hopes their fate has turned for the better. MGM, however, struggles with a new debt that they have formed with their new CityCenter development. Some of their options that MGM is considering in order to escape this debt is taking out more loans, getting new investors, or selling some of their stock. Analyst have declared that the new CityCenter development will be a must see with it's uniqueness. They are predicting that it will help increase the visitors as well as eliminate some of the competition. But due to the rough times, condo prices for Las Vegas have been significantly cut in past few years since the development of CityCenter started. Investors are depending on this poor real estate market to help boost their hotel market. Analysts are also expecting travel to increase within the next two years or so which is a favorable condition for the newly opening hotels. Several projects around the CityCenter area have not been so favored, leaving them vacant and some unfinished. However, there are still those competitors who continue to expand and challenge CityCenter's new developments.

The Economist-http://www.economist.com/displayStory.cfm?story_id=14959982- A World of Hits-Analysts had once thought that since the Internet and other resources were becoming so popular in streaming media from the home, that the general major hits or blockbusters would suffer in music stores and cinemas. The very opposite happened, however. More and more it is found that audiences are gravitating towards popular hits or blockbusters, thus increasing the overall expected profit. Television shows, which were thought to go extinct due to online viewing, are still in high demand. One reason for this is the huge audience all at a certain time, which benefits advertising significantly. Less popular books and music, are being priced higher then top sellers, due to the highly devoted audience who would buy such rarely acknowledged publications. Though free online file-sharing has created a problem for the music industry, loyal listeners are still showing their enthusiasm by purchasing from online stores such as iTunes. This allows companies to focus on what single songs will make a greater profit. Overall, the opposite happened in the media industry than what had been predicted. The Internet and television movie streaming has actually helped the film industry as well as other media resources, allowing for a bounce-back from an economic crisis.