Analysts are downgrading media company stocks as they reduce their estimates of what the content they produce is worth, Time reports. The companies’ own accountants are writing-down the value of their content assets by billions of dollars, the magazine notes. “The best assets bounce back when the economy recovers,” Time notes. “But, by forcing companies to write-down their content assets so extremely they are saying that the firms can never go home again. Their TV shows, movies, magazines, and newspapers will never recover all of their value.”
—Jon Lafayette