(reg. req.) A controvesial thought, to say the least: “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.”
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