Saturday, August 19, 2006

Bill Gates must believe in newspapers

Some commentary now on the news (reported here Aug. 11) that MediaNews Group got the money to buy the Mercury News and other papers in the form of a loan from the Bill and Melinda Gates Foundation, General Electric Capital Corp. and other corporations. Rick Anderson of the Seattle Weekly writes in his blog: "What does it say about the dinosaur newspaper industry that the world's richest man is investing in it?" READ

1 comment:

Anonymous said...

Gates probably thinks that for a small investment to him, he can put the mouthpiece of Silicon Valley on a leash. And he's probably right.