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Sky isn't falling, moguls maintain


September 17, 2008 DreamWorks Animation CEO Jeffrey Katzenberg, speaking along with other executives at an investor conference, set the tone early by predicting the movie industry will weather just about any economic storm. Echoing Katzenberg's optimism in various ways were News Corp. CEO Rupert Murdoch, Time Warner CEO Jeffrey Bewkes and CBS' Leslie Moonves. Ironically, the executives were speaking in New York at the Communacopia conference hosted by Goldman Sachs on a day when the venerable Wall Street firm saw its own stock sink 14%, its steepest one-day decline in history.

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