Romenesko

Miami Herald
Edward Wasserman is convinced of that. "I don't think I ever met an owner, no matter how rich, who would pony up a nickel of his own money to cover shortfalls in the operations of a company he owned unless somebody was holding a gun to his head, and even then, not before he'd had a moment to think it over," he writes. "So to me the notion that the industry's salvation lies in buying freedom from public stockholders through the help of chivalrous saints with deep pockets is highly dubious."