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I sure wish PE didn't do the same thing so predictably with all these media companies. I don't understand why these firms hire people who don't know what they're doing with such regularity. Chronotope/1115243533542285314?s=19
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Like... being purchased by private equity has become such a reliable sign of upcoming trouble it's depressing. Are they really making more money this way?
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And the dudes (and it is always a dude) they put in charge always comes into these companies with the same exact bad ideas. Repeatedly! Is there a handbook somewhere? Can we burn it?
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Gawker / Gizmodo / G/O is a long and continual fave of mine. Fingers crossed.
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Also. Forbes didn't work out as a journalism business. Why are people still looking to them as a model?