Bloomberg View: Media disruption expanding, now hammering local newspapers
Does it just keep getting worse for newspapers until they die? Or is there hope, or at least a temporary respite, in sight?
Does it just keep getting worse for newspapers until they die? Or is there hope, or at least a temporary respite, in sight?
By Patricia Laya and Gerry Smith (Bloomberg) — Billionaire Carlos Slim became the largest investor in the New York Times Co. after exercising options to acquire 15.9 million shares in the newspaper company. Slim bought the shares for $6.36 each, about half of Times Co.’s $12.28 closing price, boosting his stake to 16.8 percent of … Read more
Michael Moritz, chairman of Silicon Valley’s famous venture capital firm Sequoia Capital, is one of the professional social media site LinkedIn’s select band of blogging Influencers. His latest contribution has a decidedly South African flavour. He has kindly agreed to allow Biznews to republish it. For the original article and more of Moritz’s insights on … Read more