July 24, 2005
I'M OBVIOUSLY UNDERVALUING MYSELF:
Last week Rupert Murdoch's News Corp. agreed to pay $580 million for Intermix Media, owner of the popular community website Myspace.com which had 17.7 million visitors in June. The announcement came just days after News Corp. formed its Fox Interactive Media unit.
Hmm. InstaPundit had about a quarter that many visitors (and June isn't even that great a month.) Does that make it worth $145 million?
All offers in that range will be seriously considered.