Posted by MikeT23 on 10/10/2012 8:58:00 AM (view original):
Posted by mal247 on 10/9/2012 9:47:00 PM (view original):I think you also underestimate the bean counters at big companies.
Posted by MikeT23 on 10/9/2012 4:22:00 PM (view original):News Corp had revenues of 13.28 billion last year, with operating income of 2.9 billion.
I think you underestimate the bean counters at big companies.
Hardball Dynasty has an estimated revenue of 350,000 per year.
If you think that anyone who matters at News Corp gives two sh.its or a fiddlers fu.ck about HBD, you are delusional.
Perhaps you've never had to deal with an accountant. Or someone who felt the need to justify their job.
350k, to the bigwigs, may feel like a dime to them. However, some nerd in a partitioned office is looking for some way to be noticed. He's pouring over every bit of data he can find to say "Hey, look at this!!!" Do they care about HBD? No. Do they know the financials of HBD? Yes. As we've been discussing, the meter has to move for Bob the Bean Counter to take notice and bump it up the ladder. That said HBD probably isn't on the ledger. It's probably Whatifsports.com. No idea how much revenue WifS generates but HBD is just a fraction of it.
That's a good point.
XYZ Company might manufacture and sell widgets, gadgets, and doohickeys.
ABC Corporation might manufacture and sell widgets and a crapload of other products. They don't make or sell gadgets or doohickeys, but they see doohickeys as an attractive market that they want to get into. They notice that XYZ Company makes some pretty good doohickeys. Rather than "reinvent the wheel", ABC Corp decides that it would be cheaper and make more business sense to purchase XYZ Comp for the sole purpose to pick up their doohickey business. XYZ Comp's widget product line is now redundant to ABC Corp, so it's dropped. XYZ Comp's gadget product line is not redundant to ABC Corp, but it's also not very important. It gets little attention and is left to flounder. Maybe they discontinue it altogether, maybe they sell that product line off to a third party, or maybe it just flounders indefinitely.
XYZ Company is Whatifsports.com.
ABC Corporation is Fox.
HBD is the gadget product line.
10/10/2012 9:12 AM (edited)