Originally Posted by
LoungeLizzard
Why oh why did I think that SKY had changed? Just as they seem to have steadied the ship they go sailing off into unchartered waters, with a high chance of ending back onto the rocks.
If this goes through it will eat considerably into the warchest of money that could have been used to expand broadband/streaming/mobile ie the future. Instead Pooman and co think that radio and billboards are the future? Does the fact that that business is failing not tell them they should steer clear? What a disaster.
My concern is that they may have sounded out Institutional Investors before they approached NZME - they'd be foolish not to - in which case they might have the numbers. Either way this is going to suck time, energy and money out of the company at a time when they needed to protect their core business and not be trying to find synergies with last century companies. They'll be buying a network of town-criers next:mad ;: