Jeremy Warner's Outlook: Bull market of financial and media regulation

There may be a bad bear market in media stocks, but there is a raging bull market going on in media regulation. The same might be said of financial services. As media share prices sag under the weight of the advertising downturn, there are no less than four major regulatory reviews under way – pay-TV and public service broadcasting obligations among them – and no doubt countless others that are only half suspected.

So never fear. If you lose your job in finance or media, there's always another waiting for you in regulation – always assuming there's anything left to regulate by the time we are through.