Don't Get Distracted

January 24th just happened to be the day that Geol Stein wrote an offensive op-ed piece in the LA Times.

The LA Times is owned by the Tribune Company.

The Tribune Company is a 22.5% shareholder in the WB television network.

On January 24th it was announced in the business news that CBS and Time Warner are closing down two well known but struggling television networks, UPN and - well hey! - WB. A new network will be launched called CW.

The Tribune Company "won't have any ownership stake in the new outlet".

You know me and numbers---

Tribune Company stock prices January 2006

Jan 19 2006 30.82
Jan 20 2006 30.05
Jan 23 2006 29.90
Jan 24 2006 29.65 Yoel's op-ed piece in LA Times also closing of WB
Jan 25 2006 29.45
Jan 26 2006 29.10
Jan 27 2006 29.54

I'm looking forward to the stock market prices next week!

Historic Tribune Company stock prices

Feb 07 2000 37.25 - A time of recession
Feb 12 2001 38.32

Sep 10 2001 30.51 - The day before
Sep 24 2001 29.80

Feb 11 2002 39.50
Feb 10 2003 43.59
Feb 09 2004 50.45

Hypothesis - Right wing blogging in election year has wide ranging impact

Jan 28 2005 38.86
Jan 27 2006 29.54

Bottom line - sell don't buy