Word: prices
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...4chan's memes can cross into the mainstream, maybe moot can too. This year he spoke at conferences at Yale and MIT. He's even ready to reveal his real name: it's Christopher Poole, he tells me. He wouldn't be above cashing out for the right price, which is $580 million, which is what Rupert Murdoch's News Corp. paid for MySpace in 2005. "I try to work Murdoch into any interview I give," he says. "Rupert Murdoch? moot@4chan.org...
...couple of things could explain the uptick. The Kindle quickly sold out shortly after it was unveiled on Amazon at the end of 2007. However, the company recently cranked up supply to meet demand, and cut the price at the end of May from $399 to $359. Some analysts estimate Kindle sales at around 55,000 a month. At the same time, the Kindle is quirkier than your average gadget, and consumers are learning how to use it. It's possible that as Kindle owners warm up to the gadget - and as the library of titles rapidly grows - they increase...
...apparently the limit when media conglomerate NBC Universal, along with private equity firms Bain Capital and The Blackstone Group, agreed on Sunday to pay the enormous $3.5 billion price tag for The Weather Channel. Available in some 96 million American homes, the Weather Channel is the country's third most widely distributed cable channel. It also runs the 14th most popular site on the web, weather.com. But observers are already questioning whether NBC, which is owned by General Electric, overpaid for the property. NBC, after all, only paid $1.25 billion for the cable channel Bravo in 2002, while CBS acquired...
While the forecast is still murky on exactly how NBC will leverage its new acquisition, all watchers agree that the sellers got a sweet deal. "We feel it is a very fair price," says Decker Anstrom, president of Landmark Communications, who called the sale a "bittersweet moment" for the privately owned family business, which launched the cable channel back in 1982. Initially derided as the brunt of jokes, the forecast focused channel became profitable within four years and soon had established itself as a media category killer. Sheryl Crow named a song after it in 2002, and today...
...stock price dropped below $10 this week to its lowest level in 54 years, down significantly from $43 last fall after the automaker had signed a new four-year labor contract with the United Auto Workers that included significant concessions. JPMorgan said the company has to raise $10 billion in fresh capital in the next several months. Merrill Lynch was even less optimistic. "We believe there is potential downside in the stock below $7 and that bankruptcy is not impossible if the market continues to deteriorate and significant incremental capital is not raised," Merrill Lynch analyst John Murphy wrote...