Re: Vikings upset Karmazin

[dan.Strassberg@att.net]

But Mel is out to maximize profits THIS QUARTER. As far 
as I know, that's as far as he's ever been able to see. 
He'll take care of next quarter (let alone next year) 
when they roll around. Alas, the strategy has always 
worked for him so I'm sure he sees no reason to change 
and lots of reasons not to change.

But you have to wonder whether he wouldn't have made a 
lot more money for his various companies if he had, say, 
sunk money into FM for a lot of years when it was not 
yet in fashion instead of paying a not-so-small fortune 
to acquire FM properties when they became hot.

I know, I know. Before FM became hot he could have 
acquired a maximum of seven FMs. But at the price 
Infinity paid for WBCN, that was $700 million worth of 
stations that he could have gotten for maybe $7 million 
30 years earlier. Even if you take the time value of 
money into account, I think his companies--if they 
existed 30 years ago--would have been way ahead.