The Shape of Things to Come
News | 04/23/2002 4:00 am EDT
The last few months have not been kind to communications conglomerates. The value of AOL Time Warner’s stock recently hit a post-merger low, having fallen about 70 per cent from the beginning of 2000 when the merger was announced. The French media giant Vivendi Universal is quickly catching up (or down) with AOL, its shares having suffered a comparable decline over much the same time period. In Canada, BCE and Quebecor are under extreme financial pressure; their shares are depressed and management do not appear to be happy either. Speculation is rampant that they will have to sell off major assets sooner or later. That is in addition to the $4 billion worth of assets BCE announced it was selling last December.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
Two weeks free access to thewirereport.ca and our exlusive newsletters.
Unlimited access to thewirereport.ca and our exlusive newsletters.