You can tell that worse times are ahead for them:
“We have been taking a look at our business and how to position ourselves for future growth.”
Growth happens when times are good. But your business will suffer if during the bad times it still tries to focus on growth. The majority of the business failures so far are companies that were so focused on growth they depended on it.
Right now, the smart money are those betting on severe retrenchment at all levels. The US government cut in size by 50%, the end of entitlement programs, default on the national debt, and the end of most credit.
Only when the markets collapse will it finally dawn on the US government that it has overextended itself terribly since the 1960s.
MTV was offered the shot at buying Myspace before Newscorp got it.
They couldn’t figure out how to make money with it. I don’t know if it is a profitable corporation yet but would’ve kept MTV “relevant” and may them more RESPONSIVE to music trends rather than them continuing to try to PRESENT the “new cool” to audiences.