Tuesday, February 09, 2010

Quote, unquote: Disappear, already, and give someone else a chance

If anything good was to come from the collapse of companies like Penton, Cygnus, RBI, Nielsen, Ziff et al it would be that those companies actually disappeared after they collapsed. But what's happening instead is that these print-legacy, bond-selling dinosaurs get back on their feet and just lumber on ... holding on to valuable properties that could actually grow if they were owned by people with more vision and less debt. It's a pity.
-- Blogger Paul Conley, commenting on the bankruptcy of Penton Media (formerly Prism, formerly Primedia)



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