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CEO's $500,000 Salary Burns Startup Into Fire Sale
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CEO's $500,000 Salary Burns Startup Into Fire Sale |
02/28/09
FYI, the Times covered the same story here:
[bits.blogs.nytimes.com]
Adorama is one of the two best camera stores in the city, the other being B&H, both of which are owned and run primarily by Hassidic Jews. I don't really know why that particular hassidic detail needed to be in the second graf of this post though, and the fact that it did appear after the group of investors was called "shadowy" in the graf above it, and the sale "fishy" makes it seem a little anti-semitic.
Additionally, you wrote that it's fishy for 8020 Media to be acquired by 8020 Media, but that's an error, at least according to the memo sent out by Fox. It says 8020 Publishing LLC is being bought 8020 Media Inc. So, unless the Fox memo is inaccurate, you got the name of the company wrong in the first sentence of the post.
Lastly, I fail to see what's fishy about the sale. This is a positive development for the magazine, and a pretty remarkable one considering the times we live in, and it's a win for the photography community.
02/28/09
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02/27/09
But the new owners can't take advantage of net loss carry forwards.
02/27/09