Media Navel Gaze: January 4, 2016
In a galaxy not very far away at all, reviews and outlooks dominated the media channels of all shapes and sizes all week with an occasional Trump outburst or inclement weather update shaping headlines. The New Year saw too-frequent terrorist alerts (Munich this time) and an inferno in Dubai and dangerous flood waters in Missouri. For the markets, the outlooks were neutral at best.
- U.S. stocks turned in some of their worst performances since the financial crisis, with the Dow down 2.2 percent for 2015 and the broader S&P 500 down 0.7 percent (commodities were to blame); the Nasdaq turned in gains, however, up some 5.7 percent -- thank you, technology;
- On the record-breaking side: “Star Wars: The Force Awakens” took in $248 million gross on opening weekend and Adele 25 sold 7 million records since Nov 20;
- The White House is expected to take executive steps on gun control, possibly through background checks on sales; fireworks expected;
- Saudi Arabia cut ties with Iran after Iran burned down the Saudi embassy in response to the Saudi execution of 47 including an Iranian cleric;
- Details magazine printed its last copy with the December issue; and
- “Downton Abbey” begins its final season in the U.S. (which has already aired in the U.K.) and marketers marked the event with a full wrapper Sunday on The New York Times.