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new york times

A Legendary Newspaper For The Price Of Three Floating Fridges

Newspaper people are impressed (and terrified) by the size of the stake that a pack of hedge funds has built up in the New York Times. The 19% stake now controlled by Harbinger Capital and scary-sounding Firebrand Partners is now roughly equivalent to the ownership of the Sulzberger family. Here's what's amazing: not that another great American media institution is (snore) at the mercy of ravening capitalists; but that the newspaper is so frakking cheap. More »

1:48 PM on Tue Feb 26 2008
By Nick Denton
765 views, 15 comments

oped

Why Microsoft-Yahoo Would Be Bad News For Media

In internet land, everybody's very excited about the Redmond software giant's bid for Jerry Yang's languishing internet directory. Where would a combination leave AOL? (Answer: without an obvious acquirer or partner.) What about the challenge to Google? (Finally, a competitor, financed by Microsoft's profits from its bloated operating system and office applications.) Most of the commentary is overblown. Fusing two mediocre internet units, Microsoft's MSN and Yahoo, will not magically produce a dynamic challenger to Google; merely, if business precedent is any guide, mediocrity on a greater scale. Unfortunately, the petrified traditional media companies don't know that. (They don't know anything really.) And that's why the creation of another internet behemoth would be so pernicious. More »

4:57 PM on Fri Feb 1 2008
By Nick Denton
2,858 views, 22 comments

Latest by vulturesquadron: Does anyone really confuse this liquidation of Yahoo for a proper sale? Remember when IBM mattered in the operating system, hardware, and even Internet markets? That's where MSFT will be in a short while. Yahoo had about nine minutes of relevance more »

oped

Career Advice For Barry Diller

What should Barry Diller do? The IAC boss is being hung, slowly, by his largest shareholder. And for good reason: although online commerce and advertising is growing, the internet conglomerate has shrunk in value from $22bn to just over $7bn over five years. Barry Diller's reputation as a canny businessman, built up over decades in the movie and TV business, is tarnished. IAC has proven completely unable to build new businesses; and the New York group has had little success with the assets it bought. Let us count the fuckups. More »

5:43 PM on Tue Jan 29 2008
By Nick Denton
2,534 views, 40 comments

Latest by n/a: Outstanding post, Nick. Congrats. more »