Goldman Sachs Media Scott Walterschied

Scott Walterschied a partner with Skadden Arps will be running Goldman Sachs Media Fund it was announced today at Goldman’smorning press conference. Insiders estimate the fund’s worth at half a billion dollars. Many on Wall Street doubt Goldman’s intention of running a fund to support Hollywood movies and media. Calvin Thurmond of JP Morgan pointed out that Goldman has over 25 lawsuits against production companies and studios in Hollywood. Hollywood insiders have been quiet on the issue adapting to more of a wait and see policy. However many Investment Companies, Banks and Fortune companies believe that Goldman is looking to buy a studio and sell it off to a foreign investment group. “It is like the corporate raiders of the mid 80’says Thurmond, the only thing that has changed is the players”. Staff Writer WALL STREET JOURNAL