Originally Posted by
percy
I would expect not all the new channels/new products will be successful.When I last spoke to Chris Flood, he did tell me new channels/new products right offs, were lower than budgeted,however I agree with you, there will be heaps in the bottom draw.
Now the Kerry Packer quote ,when he took over another Sydney newspaper business,and was talking with its accountant went something like this.
KP."What's this money in this account"?
a/c."It's our rainy day fund Mr.Packer."
KP."Look out the window son.it's pissing down."