Valleywag is reporting that MySpace’s Chris and Tom are suffering from seller’s remorse and are holding out for a $50M ransom to extend their contracts by two years.
Hmm. I covered this some time ago and broke down the numbers in Seller’s Regret? Too bad.
But I think that more fitting, is this article I saw this morning via Paid Content:
Meanwhile the New Yorker’s Ken Auletta draws on his deep knowledge both as a journalist on New York magazine when Murdoch was about to buy it and as a journalist whose coverage of Murdoch as a modern-day pirate earned a spot on the “no interview” list. Auletta: “To try to forestall a Murdoch takeover of New York magazine thirty years ago, about forty writers and editors and art directors went on strike. I was at the magazine then, and, with delusions that I was on a diplomatic mission, led a small delegation to visit Murdoch’s outside counsel, Howard Squadron. I was certain that, once Murdoch understood that the staff would leave, he would retreat. Squadron listened politely, and replied, “You don’t understand. If you leave, Rupert will replace you like he replaces furniture.”
Ross Levinsohn left under murky details… maybe he too wanted a “bonus” for landing Murdoch the best web M&A of all time. Perhaps Chris and Tom can poke Ross to see how that fared.
Disclaimer: I’m a former employee of NWS circa October-December 2005.
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