July 24, 2004

Money Losing Old Media Seeks to Expand Loss Potential Into New Media

Slate Online Magazine for Sale
Potential Buyers Include The Washington Post and New York Times

FILE UNDER FOOLS RUSH IN WHERE FOOLS HAVE BEEN BEFORE. Bill Gates, announcing that Microsoft really needs to cut back on sniffing glue, but the best face on the sale of Slate by saying: ""Slate, in the grand scheme of Microsoft, is not a big investment." We'll put that one up for an 'Understatment of the Decade' award. True, the decade is young, but that one has legs. Slate Online Magazine for Sale (washingtonpost.com)

The post article is pretty much a standard rehash of the oft-told "Tale of the Slate," but the quote that pretty much frames the whole deal is Editor Scott Weisberg's:

Asked if he felt at all spurned by Microsoft, Weisberg said: "This is very much about how successful we've been to date."
And indeed it is.

Posted by Vanderleun at July 24, 2004 11:31 AM
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"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.

Ah yes, the WaPoCo, another attempt by power-mad media barons to prevent the unwashed masses from learning the "Truth" as they trade their ill-gotten riches among themselves.

There would be Leftie panties in a bunch from Sea to Shining Sea had the NY Post bid on Slate...stop laughing for a moment...anything could happen in a topsy-turvy PC world where Mexico complains about Americans crossing their border illegally... and savor another prime example of the old media's hypocrisy.

Posted by: feste at July 24, 2004 2:37 PM