FOX Interactive Media’s MySpace.com launches its NCAA March Madness bracket challenge and WatchMojo.com is there to power the video section:
– Video Gallery by WatchMojo.com - Watch videos featuring tournament legends, past and present.
We’re in good company:
In addition to the Bracket Challenge, the community profile will host a suite of other interactive features, including:
— Player Insight - Get tips from basketball superstars Chris Paul, Ray Allen, Steve Nash, Deron Williams, Jeff Green, and David Lee as they provide insight and picks for this year’s tournament.
— Tournament News by FOXSports.com on MSN - Keep up with all the latest breaking basketball news.
— Mobile Alerts by 4INFO - Receive final scores on your mobile phone and get notification right before an upset might occur.
— Game Simulator by WhatIfSports.com - Predict the outcome of potential tournament matchups with the touch of a button.
— Rankings - See instant rankings and how you stack up against your friends as the tournament progresses.
— Video Gallery by WatchMojo.com - Watch videos featuring tournament legends, past and present.
For more information, be sure to visit the profile MySpace Bracket Challenge community profile.
Scroll down to the bottom… videos include our numerous series on Top coaches, rivalries, players.
Not bad. Not bad at all.
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WatchMojo NewsletterThis post should be titled: Screwed If You Do. Screwed If You Don’t, or better yet, We Tech Bloggers Are a Bunch of Hypocrites!
Was it not just a few months ago (technically, quarters) when we lambasted “big, dumb, slow, old media” for not doing enough M&A of online assets?
My, my, how times have changed. Looking at CBS’ stock chart:
Erick Schonfeld over at TechCrunch comments:
Consider, for example, that CBS’s entire market capitalization is now only $2.5 billion, which is not much more than the $2.1 billion its digital division CBS Interactive paid in cash over the past two years for Cnet ($1.8 billion) and Last.fm ($280 million). (It also made a number of other smaller acquisitions and investments). As of December 31, 2008, CBS only had $419 million in cash on its balance sheet.
When it bought Cnet last May, CBS’s market cap was $16.5 billion. If CBS had instead paid in stock for CNET, that stock would be worth only $273 million today—less than what CBS paid for Last.fm two years ago.
Imagine of they had merged with Facebook in a 1-for-1 stock deal (when CBS was worth $16B and Facebook got its implied $15B valuation)? Or for that matter, imagine had they paid a billion dollars for Bebo. Oh, wait. Someone did.
However, I think it’s unfair to be too critical in hindsight. Sure, prices have come down, but while online media will return with a vengeance, the same cannot be said about offline / traditional media. Print media is a leading indicator of what TV media can expect, look at McClatchy’s stock price:
What’s crazy here is the 52-week range. The stock is now at less than $0.50/share, but it was as high as $11.21 over the past year. So if the company - the third biggest newspaper company in the US, mind you - is now sporting a paltry $40M market cap, then just a year ago it was valued at $1B!
This being said, if I were traditional media, I’d be buying up more and more online assets because prices and expectations have probably gone down, but not as much as traditional media revenues have. If I am CBS (or News Corp., Time Warner, Viacom, etc.), I would not expect the trend to change.
