Fucking Vikings. I don't know if you saw it, but they backed out of our deal with us. They were supposed to buy some of the land that the Star Tribune owns, but decided that the price was too high and that they would look too committed to being in Minneapolis. Then they wouldn't be able to get as much public funding as they wanted.
I told them that they could make a killing off that land. All they had to do was try and include something with LRT to connect up with the new bridge and they'd get all the government money they could want. Instead of buying the land and giving us some capital to sustain our operation for awhile, they backed out and we got screwed. You probably don't know this, but land sales are a great way to generate short term capital. There was even a piece in the journal about it. But now we're stuck with the land and pretty soon we will be stuck with an empty building when we finish consolidating workspace. And I had to make up a bullshit story for a press release. Thanks Zigi.
Showing posts with label capital. Show all posts
Showing posts with label capital. Show all posts
Thursday, August 30, 2007
Wednesday, July 11, 2007
Wall Street Tribune
Hey, did you hear about Murdoch trying to buy the Wall Street Journal? I'm sure our paper ran an AP piece on it. Well now someone else is trying to buy the paper right out from under Murdoch. Supermarket billionaire Ron Burkle and Web entrepreneur Brad Greenspan might combine capital to top Murdoch's offer of 5 bill, which is a damn good offer because it's $60 a share/ 65% premium.
It's a little weird to think of a supermarket operator buying a newspaper. That's like the Lunds buying our paper, which would be really weird. But buying a newspaper is a good investment. Just ask Avista.
Guess what reporters are doing while money makers fight to make their paper more money. Not showing up for work. What is with these people! It's like they want their businesses to perform poorly. I can tell you right now that as soon as either Murdoch or Burkle and Greenspan take over, they're going to see just how many of these people they want to bring with them on the bus. That's the first step in going from good to great. I know it and those guys know it. Not showing up for work really sends a clear message on whether reporters want on that bus or not.
It's a little weird to think of a supermarket operator buying a newspaper. That's like the Lunds buying our paper, which would be really weird. But buying a newspaper is a good investment. Just ask Avista.
Guess what reporters are doing while money makers fight to make their paper more money. Not showing up for work. What is with these people! It's like they want their businesses to perform poorly. I can tell you right now that as soon as either Murdoch or Burkle and Greenspan take over, they're going to see just how many of these people they want to bring with them on the bus. That's the first step in going from good to great. I know it and those guys know it. Not showing up for work really sends a clear message on whether reporters want on that bus or not.
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