Bezos aint friendly with TV Networks
Jeff Bezos certainly isn't complicit in the argument unlike Kerry Stokes - a billionaire media owner in Australia - suggesting a conspiracy/functioning oligopoly.. mmm I wonder how Ilyria Pty Ltd, Lachlan's new media company will create a new potential Murdoch dynasty or liability : ("Daddy can I buy this blogging search engine?") - Bezos, AlwaysOn Network :
"We stopped the TV ads almost four years ago, and instead have put all our money into supersaver shipping and other price reduction programs. To give you some context...in 1999, we had a $12 million profit on shipping and handling. This past year we had a $197 million loss. The company has generated almost $500 million of free cash flow in that same 12-month period, so it is all part of the economic calculations. It's intended to be that way; but it is a significant give-back to customers. Our philosophy is that instead of giving the money to the television networks, we should give it to our customers."
"We stopped the TV ads almost four years ago, and instead have put all our money into supersaver shipping and other price reduction programs. To give you some context...in 1999, we had a $12 million profit on shipping and handling. This past year we had a $197 million loss. The company has generated almost $500 million of free cash flow in that same 12-month period, so it is all part of the economic calculations. It's intended to be that way; but it is a significant give-back to customers. Our philosophy is that instead of giving the money to the television networks, we should give it to our customers."
posted by redbarren at 3:24 PM
<< Home