New Yorker’s Ken Auletta “Goes Long” on Time Warner — He Ponders: Is MySpace a GoodSpace for News Corp.
We spoke with the New Yorker’s Ken Auletta, a great guy who we think is the media industry’s most interesting and informed observer. (And the best dresser, by far!) We caught up with him outside the Yale Club in Manhattan.
Ken is perplexed by the lack of enthusiasm from Wall Street for Time Warner. He wonders with all that profitability and great brands why the stock price has languished for so long. He makes a great case, we think.
The Beet wonders about all the press about problems and changes at MySpace: Is MySpace a GoodSpace for Rupert Murdoch’s News Corp? Ken spoke about this topic in an earlier post and he framed some important issues.
>> The New York Times’ "Deal Book" has a round-up of the latest news about Facebook – including its disputed valuation at $2 billion, and that Interpublic Group is close to an agreement to spend up to $10 million for its clients on Facebook “in exchange” for a 0.5 percent equity stake in the company.