Long and rehashing the same old arguments or at least someone post something new!
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Long and rehashing the same old arguments or at least someone post something new!
OK here's something NEW on the M&A front !
(snip)Sidney Harman, the founder of Harman International Industries Inc., is near a deal to buy the money- losing Newsweek magazine from Washington Post Co., three people familiar with the matter said.
Harman, 91, was chosen over bids from Fred Drasner, a former executive at U.S. News & World Report and The New York Daily News, and investment firm Avenue Capital Group, said the people, who declined to be identified because the sale isn’t public yet. It may be announced as soon as today, one person said.
Drasner said in an interview he has been told Post Co. is near a deal with Harman. "(snip)
(snip)"Newsweek posted losses from 2007 to 2009 and its Washington-based owner predicted in May this year will be unprofitable, too. Newsweek redesigned the magazine last year and told advertisers it anticipated fewer guaranteed readers.
Post Co. rose $13.40, or 3.2 percent, to $433.89 at 4:04 p.m. in New York Stock Exchange composite trading. The stock has lost 1.3 percent this year.
Harman, who resides in California, is chairman emeritus of Harman International, the Stamford, Connecticut-based maker of audio equipment including the Harman Kardon, Infinity and JBL brands. He is married to U.S. ( democrat - sic ) Representative Jane Harman, who represents a Southern California district that includes Los Angeles-area cities Rancho Palos Verdes, Torrance and Venice. "(snip)
from
Thus this acquisition represents the first time that a ( democratic ) US congressional representative will be a direct owner of a major US mainstream news media outlet.
back to the topic at hand, as an active poster in DD as well as mod, I have been extremely reluctant to close and/or delete threads for fear of 'partisan censorship' accusations.
I absolutely welcome anybody to post a new thread on any topic, as long as an arguable 50% of the content is financially based. In fact, I STRONGLY encourage others to 'take up the slack' in regard to posting new weekly topics. However, if you do post something, be prepared for a fair minded critique / rebuttal from other DD readers who may not share your viewpoint ! Such is the nature of the 'inexact' science of socio-economics.
As to 'infinite rehashing', yes this does seem to be a waste of 'time' and 'space'. However, many of these 'rehashings' are in fact the addition of newly released additional facts that are arguably relevant to the contested point.
Yeah, I don't see the point in closing down threads even if I don't like the content in many of them. If you don't find it interesting, noone's forcing you to read it :)
Me, I'm waiting for day trading or derivatives threads to crop up again, where I can usefully contribute. I've stopped the "trading news wrapup" posts I used to do because the amount of time I'm spending on just digesting news has already grown to a ridiculous level...