After I put to bed the eighth (!) edition of Sunburn, my morning read about what’s hot in Florida politics, I read that Politico is marking the 600th edition of ‘Morning Score’, it’s all-encompassing, agenda-setting email which, along with The Playbook, is the godfather to every email by which political aficianados begin their day. Now [...]
After a white-knuckle final 20 minutes of the day, shares of Facebook managed to just keep one nostril above $38, the level where the IPO priced last night. Why did it never fall below $38? Joe Weisenthal explains that, basically, because the underwriters of the IPO (Morgan Stanley, et. al.) bid heavily right at $38 to make sure there was [...]
Pinterest raised $100 million in additional capital today at a $1.5 billion valuation for the company, prompting Kevin Roose to remark that “Whether Pinterest can generate revenue remains to be seen.” This relates to one of the points Matt Yglesias makes in his piece about Facebook and the decline of the IPO. One of the things big tech companies—Facebook, Apple, [...]
The New York Times reported that Joe Ricketts was considering spending millions on anti-Obama Rev. Wright ads. Apparently, that idea has now been rejected. How Yglesias understood the proposal: [W]hile I don’t know any objective observers who think a focus on Jeremiah Wright is damaging to the president … it’s obvious that a lot of hard-core Republicans do think this [...]
Media General announced this morning that it would be selling its newspapers, except the Tampa Tribune, to Warren Buffet’s Berkshire Hathaway. The company will receive $142 million cash for its 63 papers and a $400 million loan that will allow the company to pay off its debt. I would never begin to doubt Warren Buffet’s business acumen, but [...]
Warren Buffett’s Berkshire Hathaway Inc. agreed to buy 63 daily and weekly newspapers owned by Media General Inc. for $142 million. This move is Berkshire’s second in six months to expand into the depressed newspaper market.The purchase, however, does not include the Tampa Tribune. Media General said it is in discussions with other prospective buyers for [...]
Using cell phones as cell phones is so passé: In 2009, the United States crossed a digital Rubicon: For the first time, the amount of data sent with mobile devices exceeded the sum of transmitted voice data. … Even as the number of wireless connections increased from 286 million in 2009 to 303 million in 2010, [...]
I just noticed this rant from my friend and attorney Paul Phillips. It’s short, sweet and right-on-target: As one who recieves many politician status updates, it is always interesting to see how each post is written. Sometimes I think they have just one person writing everyone’s posts. They always say “So proud to have (done [...]
Jen Holloway, Bright House spokeswoman and former Bay News 9 anchor charged with DUI Sunday in Polk County, according to arrest records. Holloway is reported to have had a blood alcohol level of 0.183, recorded on a breath test, and also failed field sobriety tests. According to Polk County Sheriff’s Office deputies, Holloway’s car was [...]
