Get Your Fresh Intelligence Daily

SUBMIT

Musical Chairs in Media Land

Oct. 27 2008, Published 7:07 a.m. ET

Link to FacebookShare to TwitterShare to Email

DEAL OR NO DEAL Mini mogul

Not for sale Media mogul (and New York City mayor) Michael Bloomberg is denying rumors that his financial news company is up for sale despite interest from suiters like the Blackstone Group and Kohlberg Kravis Roberts & Company.

But others might be ... : In lieu of hunting down actual media developments, the New York Post speculates on what media companies might be for sale and what they may be worth. Facebook, where Gen-Y flaunt their stuff (including Jackson Pynchon!) could go for $1 billion, and Gawker Media, a New York-based gossip blog network, could fetch $400 million. At the low end is poor friendless Friendster, which is only valued at $25 million. Let the bidding begin.

Article continues below advertisement

So this man can buy them with the change in his sofa: Fired Viacom CEO Tom Freston will reportedly rake in $84.8 million in severance, deferred payments, and retirement-fund pay after being ousted by Sumner Redstone last month.

Enquiring minds Rush & Molloy report that AMI godmother Bonnie Fuller disses Hilary Swank for telling Vanity Fair about her ex-husband Chad Lowe's drug addiction in order to get the cover of the magazine. Swank likely doesn't care or read Fuller's rags: TMZ has a photo of the Oscar-winner with a fresh copy of the New York Times.

Advertisement

© Copyright 2021 Radar Media Group LLC. Radar and RadarOnline are registered trademarks. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.