Obviously, this post is in jest, but too bad NYT settled its differences with Harbinger.
Jana Partners is hounding CNET… They own 25% of the outstanding stock.
Harbinger Capital Partners, a part of the Harbert Management Corporation, was doing the same to NYT. They own some 10%.
Here’s a crazy idea: why not merge? I know this has a “no chance in hell” likelihood suggestion hence why we’re making it.
But CNET is worth $1.25B… and NYT is worth $2.75B.
- NYT owns About.com and NY Times is one of the strongest brands out there in journalism…
- CNET is tech-oriented and its slate of advertisers would love to go more mainstream.
CNET owns about 30% of the new corporation and diversifies into lifestyle… basically buys into NYT at a low.
NYT owns 70% of the new entity and gets a shot in the arm in terms of digital.
And, they get the hostile crowd off their back? Any takers?
All right, enough madness.
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