The Crystal Ball For Media & Internet Companies: ‘Clear as Mud’

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As MoffettNathanson Senior Analyst Michael Nathanson enters earnings season for large cap internet advertising and media names, he sense a “tremendous” level of discomfort.


“There are massive unanswered questions about the direction that the COVOD-19 pandemic will take and how it will impact the underlying economics of the U.S. and the industries we cover,” he laments.

That’s a likely explanation for his latest report on the state of U.S. media and internet companies: It’s as clear as mud, he says.

 


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