There may be one constant in the media sector in 2007: its obsession with Google Inc. and the Web the Los Angeles Times reports.
Internet envy had old media working overtime in 2006. Viacom Inc. Chairman Sumner Redstone became so overwrought after losing the MySpace social networking site to News Corp. that he served up his well-regarded lieutenant of 20 years, Tom Freston, as a scapegoat. Freston was sacked.
The scramble to keep up with the new medium , along with the threat of a Hollywood writers strike, the possible retirement of a handful of industry bosses and some high-profile mergers , will make for an exciting, if unpredictable, 2007 in the media, entertainment and technology businesses.
That uncertainty won’t stop us from making our annual predictions, based on interviews with analysts, investors and executives, along with some educated guesswork.
