Population Statistic: Read. React. Repeat.
Wednesday, November 02, 2021

Knight Ridder finds itself unwillingly on the block after a major shareholder demanded it pursue acquisition options, even though most are wondering who would want to buy it, given the newspaper business’ diminishing future potential.

But from such fuzzy prospects are born new business frontiers. It occurred to me that this unique scenario might set the stage for something the L.A. Times’ Andres Martinez suggested months ago:

It’s only a matter of time before a Yahoo or a Google decides to buy an old media company in order to differentiate itself by offering high-quality, proprietary news. Or a company like Amazon could buy a prestigious newspaper publisher and reinvent itself as a portal, leapfrogging over those that treat news updates as a commodity.

The L.A. Times’ owner, Tribune Co., can probably be had for about $15 billion, if anyone is interested. Dow Jones, publisher of the Wall Street Journal, is a steal these days, with a market capitalization below $3 billion. Google’s value often fluctuates by that amount in one day of trading. It would be a real coup for any digital native to position itself as the only online provider of the WSJ.

Is this the break-in opportunity one of the online media giants has been waiting for? KRI would be a big expansion prospect for a portal company, creating a huge footprint and boosting advertising channels. And it would give the online boys ownership of the newsgathering process, which would be a big leverage point.

Of course, I argued against Martinez’s model by questioning the need for a proprietary/branded news product. But that doesn’t mean that the opportunity to try it should be passed up, especially if Knight Ridder really does come into play.

- Costa Tsiokos, Wed 11/02/2021 10:50:37 PM
Category: Internet, Media | Permalink | Feedback


joystickin'
I don’t check out the sports transaction wire as much as I used to. I was always primarily interested in the hockey moves, as that’s my favorite sport (and, with all the minor leagues and former CBA structure, afforded the most interesting player transaction moves). Therefore, last season’s lockout lessened the need for me to scan that little pile of agate type each day.

Hockey’s back, of course. And so my eyes are back to doing the spotcheck for trades, waives, releases and whatnot. And I’m glad, because today’s lineup brought this fun fact:

GREEN BAY PACKERS - Signed LB Atari Bigby.

I wonder if his middle name is “2600″ or “5200″

FURTHER THOUGHTS: It’s too bad the Packers don’t play Tennessee this season. We might have seen Atari Bigby tackle Titans first-round pick Adam “Pacman” Jones (yes, they’re both on defense, but there’s always special teams).

- Costa Tsiokos, Wed 11/02/2021 02:00:19 PM
Category: Football, Videogames | Permalink | Feedback (7)