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Strategies & Market Trends : Roger's 1998 Short Picks
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To: space cadet who wrote (15278)11/10/1998 5:39:00 PM
From: Dale Baker  Read Replies (1) of 18691
 
"Incidentally at the rate these stocks are going, perhaps they will end up buying the traditional media companies instead of visa versa."

Why would they want to? And pay all that overhead, like multi-billion dollar NFL contracts that lose money?

I'm the first to agree these valuation are absurd (though I am now playing Internuts long on a day to day basis). But the traditional media companies are starting to look like pale shadows of the giants which ruled in the 1960's and 1970's. Maybe all the talk of a paradigm shift is just premature and not complete nonsense.

Lots of folks with lots of money think so - for now at least.
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