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In an interview with the Atlanta Journal-Constitution, Time-Warner's CEO, Dick Parsons, said the "whole media sector right now is in a little bit of a malaise."
The whole sector? That doesn't seem to be the case with companies like YouTube.com. Then again, these companies are creating their own categories in media.
So it's ironic that today Ted Turner left the board of Time-Warner. Of course, he's legendary in media. He did things that many thought were absolutely crazy – such as launching a 24-hour news channel.
No, the media industry is not in a funk. It's just the "malaise" of CEOs like Parsons. They don't have the guts – like Ted Turner – to make big bets.
As for Parsons, he is doing the typical things: small acquisitions, stock buybacks, division sell-offs, and so on.
Why not try something daring?
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