valuation anomaly, page-31

Spot the difference
Life has become tougher for Australian commercial TV stations in 2008. The economic downturn has led to reduced demand for TV advertising. The rise of the internet has led to demand for other forms of advertising.

http://www.businessspectator.com.au/bs.nsf/Article/Spot-the-difference-KX2H4?OpenDocument

Commercial TV will die slowly the only way to have free TV is on demand.
Media has change be it TV, Magazine or newspapers profits are no longer there, Seven must move to the internet