Media sector held back by slump in advertising

The media sector has recently seen key companies refocusing on their core offerings. A prime example is Reuters cutting products to concentrate on its core screen-based operations, according to Mark Hargreaves, head of the European desk at Framlington. Hargreaves believes the trend in the sector may indicate a growing general acceptance that huge mergers and link-ups are no longer a trusted way to drive the business forward. He says: 'There was definitely the view that content was king in the bubble times, whereas now it is the case of content is fine but you need distribution as wel...