Consumer >> Analyst Interviews >> January 3, 2000

Media & Entertainment Stocks : Richard J. Macdonald – J.p. Morgan Securities

RICHARD J. MACDONALD recently joined J.P. Morgan Securities, after two and a half years as Global Research Director with TD Securities, Inc. Previously, he was a Broadcasting and Cable Analyst with First Boston Corporation. He has also worked on numerous transactions in the media and entertainment industry, including those for Fox Entertainment Group, Infinity Broadcasting, Time-Warner, New Corporation, Viacom, Turner Broadcasting, ABC/Capital Cities and Heritage Media. Mr. MacDonald is a graduate of Yale University and has conducted graduate work in Economics at McGill University in Montreal. A Chartered Financial Analyst, he was awarded a Freedom Forum Fellowship to study media entrepreneurship. Mr. MacDonald was a semi-finalist in 110 meter hurdles in the 1972 Olympic Games. Profile
TWST: Richard, may we start with the approach that you have taken to the

media and entertainment stocks at J.P. Morgan Securities?

Mr. MacDonald: What I've done is taken a look at the