RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bank is calling its loans to Media Central? Huh?Well, that's a viewpoint, but according to the data-gathering site
Similarweb.com, there's a 79% affinity calculation between Nowtoronto.com and BlogTO.com, so that ain't day and night.
Granted, the other metrics show that BlogTO is kicking Nowtoronto's butt on every measure, and that Nowtoronto.com is losing its audience at the pace of 16.17% month over month.
You will also point out that BlogTO has a stable management record under private ownership, while Media Central as a public company has been a collision of clown cars. I stand by my comment that $15 mil for BlogTO is a gross overcalculation of its value.
But the tax loss implication re Media Central is really interesting, RC. ZoomerMedia is a ridiculous company in its own right, but not on the level of Media Central. Well, no one else could be on that level. So, possibly there's some logic in this idea.
Thing is, though, both companies seem to stand opposed to the idea of logic.
Reallitycheck wrote: Comparing BlogTO to FLYY is like day and night. But given that FLYY has significant legitimate business tax losses in the millions and Zoomer is active in the same line of business and hence may be able to use/apply tax losses to reduce its tax bill, then hypothetically speaking it they acquired FLYY at these prices, they may actually be getting for free net net. Stranger things have happened.