51 Quotes by James Goss
- Author James Goss
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I feel the management is competent, and it's attacking the one most important potential upside element, which is AOL.
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From the Time Warner and AOL perspective, it's been a plus obviously that they're getting fought over. It says very good things about the importance and the place at the table, if you will, that AOL represents.
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I think AOL Time Warner is worth a lot more than it's trading for,
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I think sometimes it's difficult to run something by committee; the management of both companies are strong-willed types of individuals. They both have their own way of doing things. That makes it hard to have the flow you need and to create the sixth network.
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Usually you have some perspective on things. But what seemed acceptable at the time, what seemed like the norm, now you're judging people by standards that didn't exist at the time. I think it's worth twice what it's trading for, but you won't get credit for it until some of these clouds are lifted.
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Tribune is a logical candidate to tie in. It has affiliates with New York, Los Angeles and Chicago, so it already has a major presence in the biggest markets.
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Both companies seem fairly confident that they can get it done on schedule by the end of fall.
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Big media companies do generally provide a balance and some diversification that provides greater stability. But they are complex companies and maybe that complexity sort of offsets some of their strong values.
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This is a business where the infrastructure costs are invested up front and now Sirius and XM are at the point where they are finally able to capitalize on those costs.
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