[star]The American Mind[star]

February 21, 2005

A High Price to Pay

Strangely, I've read few comments on the NY Times' purchase of About.com. Here's a negative post by John Ellis:

In fact, the deal is an embarrassment of overpayment and reveals a kind of strategic ennui. The "metro" strategy of marketing the newspaper has failed. The television strategy has failed. The great Internet opportunity of 2000-2001 has long since passed (the NYT company could have acquired Yahoo! for a relative song in 2001). Having failed to even comprehend the turbo-dynamics of Blogger, the NYT Company now throws $410 million at 500 weblogs.

If the Times is still in the mood I'll begin negotiations at a paltry $500,000.

"500 Weblogs" [via Instapundit]

Posted by Sean Hackbarth in Weblogging at 06:53 PM | Comments (0) | Trackbacks (0)