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| Home Front: Politix |
| More Great News - No One Wants To Buy The Hill |
| 2020-01-04 |
| Let's call this one 'no one loves me, either'... [Politico, via Drudge] - The Hill’s owner seeks potential buyers, investors Under fire for its role in promoting alleged Ukraine conspiracy theories, the D.C.-based publication faces new questions about its future. Fake news doesn't seem to affect the NYT much, does it? Jimmy Finkelstein, owner of The Hill, is shopping his publication, whose op-eds alleging various conspiracy theories about Ukraine have been at the center of Donald Trump’s impeachment scandal, to various media owners, either as investors or potential buyers, according to six people familiar with the matter. The asking price for The Hill, which was co-founded by Finkelstein’s father over 25 years ago, is $100 million, according to two of the people. Finkelstein told another person that he ideally wants much more ‐ up to $300 million. "If somebody wants to pay it, he’ll sell it, but it’s not going to sell for nickels and dimes," said the person, who discussed the $300 million figure with Finkelstein within the past year. "If it’s a big number, I’m sure he’ll be interested." It's a pretty big spread between $100 and $300 million, isn't it? And now for the fun part: Finkelstein, in an interview, called the premise of the story "not true" but would not elaborate. He acknowledged having hired the boutique investment firm Methuselah Advisors, which specializes in large media transactions and has made inquiries to several large media companies. He said he has had Methuselah "on retainer for quite some time to evaluate media opportunities and evaluate incoming offers that we get regularly." Either Finkelstein or his representatives approached James Murdoch about The Hill, according to a person familiar with the matter, who declined to comment on whether Murdoch was interested in buying the publication. What that tells me is this - The Hill's been on sale 'for quite some time' and they still haven't found any buyers even at the low range of $100 million, and not even the Murdoch family's got any interest in it. Farewell to thee, Spanish lady... |
| Posted by:Raj |
| #9 "Over the Hill" Definition: Old and past it's best. |
| Posted by: Bright Pebbles 2020-01-04 14:35 |
| #8 *their |
| Posted by: Lex 2020-01-04 12:01 |
| #7 ^ These SS clowns are so deluded-- their heads are so far up they're arses-- that they think real reporting is fake and vice-versa |
| Posted by: Lex 2020-01-04 12:00 |
| #6 In recent months, The Hill has been cast in a critical spotlight because of columns by the conservative journalist and former Hill TV executive John Solomon, including one alleging that a former U.S. ambassador had improperly demanded that Ukrainian officials halt an investigation into a company affiliated with Hunter Biden, the son of former Vice President Joe Biden. But wait! I thought that was real news! |
| Posted by: Bobby 2020-01-04 11:57 |
| #5 Fake news doesn't seem to affect the NYT much, does it? Cause it matches its fake reporting of its circulation? |
| Posted by: Procopius2k 2020-01-04 11:49 |
| #4 Maybe a few hundred 000 MAUs worth $10-20 each? |
| Posted by: Lex 2020-01-04 11:30 |
| #3 At least when John Henry bought the Boston Globe six years ago ($70 million) he had some sweet real estate on Morrisey Boulevard (which is being developed as we speak), which has a market value approximate to the purchase price of $70 million. What do these other companies have to offer besides a constantly overdrawn bank account? |
| Posted by: Raj 2020-01-04 10:59 |
| #2 The problem with these E-News providers is estimating if they actually have any worth at all after their employees are poached... |
| Posted by: magpie 2020-01-04 10:51 |
| #1 even at the low range of $100 million Hah, I read it as the low range of $100, which is orders of magnitude more than us News went for, right? |
| Posted by: Glenmore 2020-01-04 09:46 |