Reid Hoffman – Page 3

September 27, 2012September 27, 2012

Fox News Declares Mitt Romney the Winner of the First Presidential Debate

Manka Bros., Khan Manka, Manka Bros. Studios, The World's Largest Media Company, Newt Gingrich, Callista Gingrich, Jackie Battley, Marianne Ginther, Jeff Weiner, Ben Silverman, Rob Johnson, Sonny Perdue, Rick Tyler, Hermain Cain, Mitt Romney, Rick Perry, Michele Bachman, Rick Santorum, Ron Paul, Joseph Smith, Thomas S. Monson, Elder Cook, Elder Nelson, Elder Holland, Elder Perry, Elder Bednar, George Romney, Ann Romney, Brigham Young, Sean Hannity, Bob Dole, Ann Coulter, James Grisham, Eric Stanger, Allen & Company retreat, Anne Mulcahy, Ari Emanuel, Barry Diller, Ben Silverman, Bob Iger, Bobby Kotick, Carol Bartz, Charlie Rose, Cory Booker, DumbDumb, Electus, Eric Schmidt, Erin Burnett, Gina Bianchini, Harvey Weinstein, Herb Allen, Herb Allen Sun Valley Conference, Herbert Allen, Jean-Bernard Levy, Jeff Bewkes, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jerry Yang, John Donahue, Ken Auletta, Khan Manka, Lachlan Murdoch, Lady Gaga, Leslie Moonves, Lionel Barber, Lloyd Grohl, Manka Bros., Marc Andreessen, Marissa Mayer, Mark Pincus, Mark Zuckerberg, Martin Sorrell, Mathias Dopfner, Mike Bloomberg, Niall FitzGerald, Peter Chernin, Phillippe Dauman, Reid Hoffman, Richard Parsons, Ricky Van Veen, Rob Wiesenthal, Robert L. Johnson, Ron Meyer, Rupert Murdoch, Sergey Brin, Sheryl Sandberg, Steve Jobs, Sun Valley Retreat, Sun Valley Retreat 2010, Terry Semel, Tom Freston, Tom Friedman, Ursula Burns, Vivi Nevo, Warren Buffett, World's Largest Media Company, Rupert Murdoch, Jose Maria Aznar, natalie Bancroft, Peter Barnes, Chase Carey, Kenneth Cowley, David DeVoe, Viet Dinh, Rod Eddington, Joel Klein, Andrew S.B. Knight, James Murdoch, Lachlan Murdoch, Thomas Perkins, Arthur Siskind, John Thornton, Stanley Shuman, Rebekah Brooks, Les Hinton, Teri Everett, jack Horner, Julie Henderson, Reed Nolte, Roger Ailes, Janet Nova, John Nallen, Beryl Cook, Michael Regan, Genie Gavenchak, Brian Lewis, Irena Briganti, Dan Berger, Rosabel Tao, Steven Rubenstein, Suzanne Halpin, Elisabeth Murdoch

Also declaring Mitt Romney a winner are Sean Hannity, Rush Limbaugh and Ann Coulter.

How is that possible? The debate doesn’t even happen until October 3rd.

Here’s how: Fox News is really pushing a specific storyline about the upcoming debate. They are calling it “Do or Die” for Mitt Romney.

If that’s true, do you really expect the Fox News election team to sit there after the debate and say “Mitt Romney lost the Presidency tonight”? “Boy did he lose that one.” “I’ve never seen such a horrible performance.” “Barack Obama got my vote tonight.”

Of course not.

They will say, guaran-freakin-teed, that Mitt Romney easily defeated President Barack Obama in the debate. They’ll say “Romney was up against the wall and he came out fighting.” “It was ‘Do or Die’ and Romney is still very much alive!” etc. etc. etc.

Romney could come out, stare into the camera and complete freeze up – never saying a word and Sean Hannity would say “Frankly, he was just speechless over how bad the Obama presidency has been.”

Romney could come out and throw up all over the stage and Limbaugh would say “It was a very real moment. I wish more of our Presidential candidates would have the courage to throw up on national television.”

Romney could come out and punch Obama right in the mouth and Hannity would say “It was great. He was just expressing how so many Americans feel about President Obama’s job performance.”

He could do that bit about holding a gun to a puppy’s head and say “Vote for me or the dog gets it” and Ann Coulter would say “See, he likes animals. He didn’t actual shoot that dog.”

There is absolutely no question about. I’m sure they already writing the script for Wednesday night’s broadcast. They don’t need to see the debate to decide what they are going to say. That’s for the losers in the real news business.

According to Fox News (and many others on the Right), Mitt Romney has won a debate that hasn’t even happened.

And that’s some seriously fucked up shit.

Jill Kennedy – OnMedea

P.S. – And spare me the “But NBC News has already decided Barack Obama is the winner of the debate…” argument – nobody is as predictable or as harmful to the country as Fox News.

July 16, 2012July 16, 2012

Yahoo! Finally Does Something Right

Allen & Company retreat, Anne Mulcahy, Ari Emanuel, Barry Diller, Ben Silverman, Bob Iger, Bobby Kotick, Carol Bartz, Charlie Rose, Cory Booker, DumbDumb, Electus, Eric Schmidt, Erin Burnett, Gina Bianchini, Harvey Weinstein, Herb Allen, Herb Allen Sun Valley Conference, Herbert Allen, Jean-Bernard Levy, Jeff Bewkes, Jeff Weiner, Jeff Zucker, Jeffrey Immelt, Jerry Yang, John Donahue, Ken Auletta, Khan Manka, Lachlan Murdoch, Lady Gaga, Leslie Moonves, Lionel Barber, Lloyd Grohl, Manka Bros., Marc Andreessen, Marissa Mayer, Mark Pincus, Mark Zuckerberg, Martin Sorrell, Mathias Dopfner, Mike Bloomberg, Niall FitzGerald, Peter Chernin, Phillippe Dauman, Reid Hoffman, Richard Parsons, Ricky Van Veen, Rob Wiesenthal, Robert L. Johnson, Ron Meyer, Rupert Murdoch, Sergey Brin, Sheryl Sandberg, Steve Jobs, Sun Valley Retreat, Sun Valley Retreat 2010, Terry Semel, Tom Freston, Tom Friedman, Ursula Burns, Vivi Nevo, Warren Buffett, World's Largest Media Company, Rupert Murdoch, Jose Maria Aznar, natalie Bancroft, Peter Barnes, Chase Carey, Kenneth Cowley, David DeVoe, Viet Dinh, Rod Eddington, Joel Klein, Andrew S.B. Knight, James Murdoch, Lachlan Murdoch, Thomas Perkins, Arthur Siskind, John Thornton, Stanley Shuman, Rebekah Brooks, Les Hinton, Teri Everett, jack Horner, Julie Henderson, Reed Nolte, Roger Ailes, Janet Nova, John Nallen, Beryl Cook, Michael Regan, Genie Gavenchak, Brian Lewis, Irena Briganti, Dan Berger, Rosabel Tao, Steven Rubenstein, Suzanne Halpin, Elisabeth Murdoch, Carol Bartz, Roy Bostock, Patti Hart, Sue James, Vyomesh Joshi, David Kenny, Arthur Kern, Brad Smith, Gary Wilson, Jerry Yang, Blake Irving, Ross Levinsohn, Rose Tsou, Rich Riley, Tim Morse, Michael J. Callahan, David Dibble, David Filo, Dr. Prabhakar Roghavan, Jeff Russakow, Elisa Steele, David Windley, Scott Thompson

SCREAMING BUY!

YHOO is headed for $50/share.

Marissa Mayer is a perfect choice.

Great for Yahoo!

Great for Silicon Valley.

It’s a stunning move – completely shocking and unexpected.

If you’re worried about her pregnancy – then shame on you.

Her pregnancy makes me even more bullish on the stock.

Marissa is going to make this work and no one should question it (especially the loser stock holders who, for some reason, were holding Yahoo! stock before this announcement).

I, frankly, didn’t think the Yahoo! Board had the cojones to make such a choice.

Well done.

And next year, at Herb Allen’s Sun Valley Conference crap-fest for moguls, there will be a new Woman of Sun Valley (sorry Sheryl Sandberg).

And if, for whatever reason, things don’t work out (very small chance), Ms. Mayer can take comfort that like her predecessors Scott Thompson, Jerry Yang and Carol Bartz, Manka Bros. will offer her a job.

Good luck, Marissa (don’t read too many blog comments).

Jill Kennedy – OnMedea

March 1, 2012March 1, 2012

Andrew Breitbart – Dead And Already Forgotten

Andrew Breitbart died just after midnight last night.

He was 43 years old.

I offer my deepest condolences to his family and friends. A sudden death like this is incredibly tragic.

Yes, he was an asshole (at least in my mind) and a much hated Right Wing Conservative political bomb thrower. He rarely cared who he verbally stepped on, attacked or ruined.

To be fair, he was also much loved (I suppose) by the Far Right.

But politics is not the point here.

The point is – the man died last night.

The media has already flashed the “Breaking News” alert, flooded social media, analyzed his impact on society, put forward ideas on who will replace him on the bomb throwing Right, etc.

The man has been dead for less than 9 hours!

It immediately reminded me of CNN’s 9/11 coverage. I distinctly remember Jeff Greenfield standing on CNN’s roof with the World Trade Center still standing far in the background with smoke pouring out after the planes hit (and minutes before the collapse) and he’s basically summing up what it will all mean historically and what can we learn from this tragedy.

News coverage today is a complete joke and further proof that the world’s attention span is completely shot. With one final TWEET, Andrew was gone – forever.

What kind of a world are we living in when Davy Jones’ death (yesterday) is old news?

Jill Kennedy – OnMedea

February 13, 2012February 22, 2012

Because of Sean Hannity, Republicans May Never Win Again

And that’s fine with me.

In 2010, when the Tea Party won quite a few House seats and a couple of Senate seats , many people were wrongly tricked into believing that a serious political movement had begun and a rise of the Far Right was imminent.

(Frankly, I believe these were ‘protest candidate’ candidates that were elected mostly because the country was at the height of the Great Recession and there was a lot of misery and demand for change out there.)

Well, the call for change is coming to an end, the country is on the mend and the Republicans that want to keep their jobs are drifting back to the center.

And if they don’t drift to the center they will, most likely, be voted out of office because the wacko Right is no longer a viable alternative.

And, I believe, much of this rejection of change is because of a Sean Hannity EPIC FAIL.

It turns out, the majority of Americans do not want to live in Sean Hannity’s world.

His is a world of constant conflict for the sake of ratings. A world of hammering a message over and over and over again turning his audience into something similar to school children in North Korea.

And it’s a message that never wavers: “Anyone but Obama…” (The Republican pundit establishment has apparently changed that slightly – “Anyone but Obama or Romney…”)

Well, because of this message – and the millions who follow Mr. Hannity – the Republicans may well be stuck with Rick ‘The Stick’ Santorum (just as they nearly got stuck with Newt Gingrich and Rick Perry).

I can now confirm, with 0% of the vote counted, Rick Santorum has LOST the 2012 general election to President Obama.

There is no question Santorum has already lost without one vote being counted. Bob Dole’s loss to Bill Clinton in 1996 will be considered a close race compared to an Obama vs. Santorum election.

Santorum will, most likely, get the lowest number of female votes in the history of Presidential elections (unless you count the Presidential races in which women did not have the right to vote).

However, Santorum will, most likely, win the Fascist vote as he is the candidate with the most images on the internet with a Hitler mustache Photoshopped onto his face.

Now, what’s crazy about all this is I firmly believe Sean Hannity, deep down, doesn’t care how people live their lives. I firmly believe that if the ratings dictated a different point of view, Mr. Hannity would shift on a dime to the Left and still claim that his moral compass has never wavered.

He would refute this claim vehemently. And, to be fair, he has never had to face that problem because there are millions of Americans that he has focused on that love the bomb throwing, the red meat and any other political metaphor you can think of.

But because of this extremism and, yes, short-sighted view of the world, Sean Hannity is costing his political party the chance to win against a vulnerable incumbent.

It is obvious we are living in a crazy time when Ann Coulter is the voice of reason at CPAC. Say what you want about her, she is not a stupid person. She knows there is only one candidate that has a slight chance against President Obama and that is Mitt Romney.

Why the Republican establishment hasn’t thrown everything behind Mitt is beyond me. Perhaps it’s because there is also a feeling Mitt Romney cannot win either. (I am one of those people.)

But he’s really the only choice there is to even get close to the lofty John McCain numbers of 2008.

Of course, Sean Hannity (and Rush and all the others) could swing things by full on endorsing Mr. Romney. But if he did, he would lose half his audience and his street cred as a bomb throwing ‘lover of freedom’ (though most people would consider ‘love’ and ‘freedom’ two things that are lacking in his political philosophy).

Mr. Hannity really doesn’t care who is President. It is probably more fun for him to criticize President Obama than it was to defend President Bush. And it certainly won’t be fun for him to have to defend President Santorum (who, remember, has 0% chance to win).

Like I said – it’s completely fine with me. The implosion of the Grand Old Party is actually quite amusing.

God speed, Sean Hannity – you are President Obama’s best friend these days.

Jill Kennedy – OnMedea

November 8, 2011November 8, 2011

The X Factor Is Terrible

First of all, I am not a television critic. I am a critic of the television industry – but not really on the content itself.

That said, last week, while at a Manka Bros. corporate retreat, I actually sat and watched a full episode of “The X Factor” – and it was terrible.

Seriously, this is a really bad, over-produced mess.

A massive train wreck.

I can see now why the ratings have been just “okay” (considering the enormous pre-season expectations).

I thought this was going to be a huge show and even killed “American Idol” last year after it was announced that Simon Cowell was leaving (to ultimately start “The X Factor”).

I will admit now, my killing of “American Idol” was wrong. That show is alive and surprisingly well after more than a decade.

That’s more than I can say for “The X Factor”.

From what I saw (to be fair – on my one viewing), this show is complete disaster and won’t be alive two years from now (much less a decade). I know it was renewed for next year but I have a feeling that was part of the original deal (though they made a press announcement like it was a big surprise). Maybe there’s a chance this show could improve and grow into something – but I doubt it. There are too many problems.

The main advice I have for this show: Calm the fuck down.

Here are the key problems as I see it:

1) SIMON COWELL. The man who single-handedly turned “American Idol” into a must see phenomenon, is the biggest hindrance of his own show.

Why?

Because he has to DO stuff on this one. Not just sit in the chair, look disinterested, and throw out barbs that make America scream at the television. That was the biggest strength of “American Idol” – his laziness.

Now, he’s pitching products, reading off cue cards – it’s a disaster. He is so far out of his comfort zone that he has destroyed the one thing “The X Factor” has going for it – himself.

He needs to fire himself – simple as that.

2) THE OTHER JUDGES. No chemistry and embarrassing to watch – especially when they try to stir up some sort of controversy or generate angry banter.

The carefully choreographed verbal jabs between the judges is as convincing as a 6th Grade production of “Who’s Afraid Of Virginia Woolf?”.

Why is that?

Because we all know Simon hired all the judges (in almost a reality show of its own) and we know that Paula was sort desperate for this gig – so any little “fights” she has with Simon ring false.

On “American Idol” it worked a little better because they were all hired guns that negotiated separate deals. Simon negotiated all of “The X Factor” judges deals. He owns them which is why it doesn’t work.

3) THE TALENT. Is it just me, or does nearly every act in the Final 12 suck?

As I was watching them all perform, there were so many moments that took me out of the music – bad notes, awkward stage presence – so many moments that I yelled at the television: “These people are singing for $5 million bucks?!”

Maybe because there are so many singing competitions on TV these days the talent pool is getting shallow – but, to me, this is a pretty pathetic crop of finalists. Especially the children!

4) THE PRODUCT PLACEMENT. Good God, the product placement is completely out of control. Seriously. The Verizon X Factor App (or whatever)? And Simon introduces the Verizon App while drinking a Pepsi. It’s comical.

They are probably looking for ways to sponsor the sponsorships: “The Verizon App brought to you by Pepsi and Depends disposable adult diapers (so you don’t have to miss one second of “The X Factor” – just go in your pants!).”

5) THE PRODUCTION VALUES. What in the Hell is up with that set design? These crappy singers are singing in a pinball machine from 1986. The lights and the moving panels and the smoke and mirrors and lasers.

What the fuck?

We all know whoever wins is going to be singing at County Fairs with Kellie Pickler this summer. The sets there will be bales of hay and deep-fried bacon machines. Just calm the fuck down.

Plus, there are those power “X Factor” dancers that gyrate around these poor contestants as they try to make it through “Moon River” without their voice cracking.

On “American Idol”, Simon always used to emphasize that it was a “singing competition”.

He could obviously care less about that now.

Other than that, it’s a pretty awesome show. Fox has done it again!

Jill Kennedy – OnMedea

August 5, 2011August 5, 2011

Wall Street Reminder: Nobody Knows Anything

OK – so the U.S. got downgraded by S&P (AA+) for the first time in its history. Whatever. It’s all just a game anyway.

Most talking heads throughout the weekend will say Monday will be a bloodbath on Wall Street and that many investors will be clamoring to yank out their cash.

But I must remind anyone who has money in the market (me!), out of the market and all those on the fence that “nobody knows anything.”

This phrase, coined by William Goldman in “Adventures In The Screen Trade” (worth a read even for non-screenwriters), is absolutely true in almost all industries and in almost all cases where someone is trying to predict the future.

In the movie business, the phrase was basically referring to the major studios’ inability to know what movies would work at the box office and what movies would fail. As it turns out, with all the historical data at our fingertips… nobody knows anything.

And the same goes for Wall Street:

Meredith Whitney, hotsy-totsy Queen of the Double-Dip, has no clue where the markets are going (though she seems to be praying for a downturn – probably more out of concern for her reputation than for the country).

That whack job Ray Dalio – founder of Bridgewater Associates (subject of a brilliant piece by John Cassidy in the New Yorker) – has no clue where the markets are going (though, to be fair, the whack job has been more successful than most in guessing lately).

The government, your parents, your children, Warren Buffett, CNBC, Fox News, Bloomberg, TechCrunch, your friends on social networks – nobody knows anything.

If they did, then Wednesday night I would have received a text or seen a tweet or a Facebook status update that said “The Dow will fall 512 points tomorrow – you may want to make a couple of portfolio moves.”

I didn’t get that message from any of those people who “know so much”. Just like I won’t get any correct message this weekend about what will happen on Monday. Because nobody knows anything about what will happen on Monday!

So this weekend, as we all think about our personal finances, don’t make knee-jerk decisions based on something someone says on television or an internet blog.

This may sound overly simplistic, but just go with your gut and calm the freak down. There are a lot great healthy American companies out there and they deserve your confidence.

But, then again, I don’t know anything either – and I certainly don’t know how “Rise of the Planet of the Apes” is going to perform this weekend – perhaps $35 million, perhaps $65 million. It’s a crap shoot.

Jill Kennedy – OnMedea

August 3, 2011December 2, 2011

OnMedea Raises $50 At A $1 Billion Valuation

I did it!

So, my mom sent me a check for $50 because she wanted to buy a piece of my growing media empire. (The growing part is a yet-to-launch blog on the insane nightlife of La Canada, CA called “La Canada Nights”.)

I told my mom her share of the company would be based on a $1 billion valuation (as it seems that’s the only valuation there is for a company these days).

For that $50 she will own 0.00000005% of the company. As part of my deal with Manka Bros., I own 50% of OnMedea (valued at $500 million), Manka Bros. owns another 20%($200 million) and Khan Manka, Jr. owns the remaining 30% ($300 million). My mom’s share will come out of my piece.

While some would say this is an outrageously high valuation and a sign that we are truly in a bubble – it’s really no more ridiculous than Airbnb, LinkedIn, Zynga, Groupon, Facebook or (fill in Y Combinator’s next spin-off here).

You could argue – hey, your annual revenues are in the low four figures, Zynga makes hundreds of millions (mid nine figures).

Point taken.

But here’s my point: A pumped up valuation is exactly that.

The key question for the entire financial ecosystem of Silicon Valley is, why do you do it? Answer: Because you can’t stop yourselves.

A fair valuation is not even on your radar because greed and jealousy take over. ‘That guy over there is 21 and got $200 million, I’m 25 and I’m only getting $100 million? F that!’

Why is everyone so desperate to reach THE BIG $B? Is just because of that one line of dialogue in “The Social Network”? Goddamn that is shallow… oh, yeah, right… I forgot who I am writing about.

Seriously, what’s wrong with a $350 million FAIR valuation and then show the world that you can grow and be worth more? Or a $50 million FAIR valuation? This obsession with “BILLION” is going to bring the entire system crashing down in the next year or so.

Bullshit is bullshit is bullshit…

But I digress… today, yippee-ki-yay, OnMedea is worth $1 billion dollars!

Suck on it.

Jill Kennedy – OnMedea

July 19, 2011July 19, 2011

The Woman Who Saved News Corp.

With one mighty slap, Wendi Deng Murdoch may have saved her husband’s company.

No longer was the story about hacking or impropriety or ethics, it was about a wife coming to her 80-year-old husband’s defense when he was attacked.

Rupert Murdoch is a hated man, obviously. He runs a company without ethics or moral compass with a history of crushing anyone who got in his way.

At the Phone Hacking Scandal Hearing, as question after question came from the Members of Parliament, he denied denied denied.

Rupert sat there stone-faced, acted like he couldn’t hear questions (maybe he actually has bad hearing) and then calmly placed blame on junior executives.

James Murdoch sat there red-faced, embarrassed – a completely worthless deer-in-headlights.

All of their answers were the answers of cowards.

Social networks were salivating at the possibility that Rupert’s empire would fall. The press were poised to rake them over the coals without mercy…

… and then he was attacked by an idiot comedian with a pie tin full of shaving cream (or whipped cream) – and Wendi Deng Murdoch went into action without thought or fear. She smacked that guy with a mighty right hand and he went down.

With one slap, the narrative of the story had changed, the old man got a little boost of sympathy and the entire hearing became a circus.

Any public judgments against News Corp. or Rupert or James had been pushed to the back – almost forcing news outlets to refocus the story on “Who is Wendi Murdoch and Where Did She Learn To Punch?”

Splitting the media attention was what was needed to get Rupert off the hot seat and this dumb ass activist being punched to the ground by Wendi Deng Murdoch accomplished that to perfection.

It makes you wonder if it was planned that way by News Corp.

Jill Kennedy – OnMedea

July 1, 2011July 11, 2011

AMC Networks Had An IPO Today…

Manka Bros., Khan Manka, OnMedea, Jill Kennedy, AMC Networks, Zynga, LinkedIn, Jeff Weiner, Reid Hoffman, Mark Zuckerberg, Sheryl Sandberg, Charles Dolon, Joshua Sapan, Edward Carroll, Sean Sullivan, James Gallagher, John Giraldo, Neil Ashe, Alan Schwartz, Dr. Leonard Tow, Robert Wright, William J. Bell, Charles F. Dolan, James L. Dolan, Kristin A. Dolan, Patrick F. Dolan, Thomas C. Dolan, Brian G. Sweeney, Marianne Dolan Weber, Rob Battles, Bob Broussard, Mike DiPasquale, David Evans, John Huffman, Ellen Kroner, Steven Pontillo, Thomas Ziangas, Charlie Collier, Evan Shapiro, Jennifer Caserta, Sarah Barnett, Kim Martin, Jonathan Sehring, Arlene Manos, John Barbieri, Harold Gronenthal, Ed Palluth, Mark Pincus, Cadir Lee, Dave Wehner, Reggie Davis, John Schappert, Owen Van Natta, Dave Ko, Colleen McCreary, Mike Verdu, Steven Chiang, Bing Gordon, Brad Feld, Jeffrey Katzenberg, Reid Hoffman, Mad Men, Don Draper, Jon Hamm, internet IPO, internet bubble 2.0

… and Wall Street shrugged.

Zynga announces a $1 billion IPO and every freakin’ investment bank in New York is clambering to get in on it.

These are the very same banks that were recently slobbering all over LinkedIn and would most likely kill anyone who tries to stop them from getting in on the Facebook IPO.

What am I missing here?

AMC Networks (AMC, IFC, WE, Sundance) represents highly-regarded premium television content (Mad Men, Breaking Bad, The Killing, Walking Dead, etc.) – the kind of content Hollywood needs people to watch. The kind of content only Hollywood can make. And the kind of content people really love.

Sounds likes a win win win. And a buy buy buy.

Zynga represents little $1 digital pigs for sale in Farmville. Not what you would call premium content.

Sounds like a lose lose lose.

“Mad Men” or “Digital Pig”? AMC Networks or Zynga? Which would you imagine to be the Wall Street darling?

Cable Networks (and their two strong revenue streams) are the bread and butter of giant media corporations.

If Wall Street shrugs at a pure-play cable network spin-off like AMC Networks, what does that say about the future of old-school big media? Being an employee of old-school big media, I’m not sure I like what that says.

Should they adapt to the changing (but unproven) business models and stop distributing quality content – focusing instead on selling little digital versions of Don Draper for $1? Or should they continue to do what they best until they simply disappear because their audiences die of old age?

Personally, I blame the whole VC/Y Combinator mentally for creating this unearned enthusiasm for certain companies that are, when you really look at them and see what they produce, pretty boring, uninspired and a waste of time.

But more billionaires will be minted – and I suppose that’s ‘End Game’.

Jill Kennedy – OnMedea

May 19, 2011May 20, 2011

LinkedIn Acquired By Monster.com For $37,242

Jeff Weiner, Nick Besbeas, Steve Cadigan, Mike Gamson, David Henke, Robby Kwok, Deep Nishar, Erika Rottenberg, Steve Sordello, Reid Hoffman, Allen Blue, Konstantin Guericke, Eric Ly, jean-Luc Vaillant, A George "Skip" Battle, Leslie Kilgore, Stanley Meresman, Michael J. Moritz, David Sze, Sal Iannuzzi, Timothy T. Yates, John Gaulding, Admiral Edmund P. Giambastiani, Cynthia P. McCague, Jeffrey F. Rayport, Roberto Tunioli, James M. Langrock, Andrea Bertone, Darko Dejanovic, Ted Gilvar, Edward Lo, Michael C. Miller, Lise Poulos, Mark Stoever, Patrick W. Manzo, OnMedea, Jill Kennedy, Manka Bros., Khan Manka, Ben Silverman, Sumner Redstone, Jeff Zucker, Ari Emanuel, Rupert Murdoch, Bob Iger

The year is 2014.

The people of the world have abandoned social networking after going out on too many creepy dates.

LinkedIn, once a Wall Street darling, was acquired today by Monster.com for $37,242 – basically the value of the copper wire in the walls of their unfinished (and unpaid for) $1 billion dollar office complex in The Presidio.

At its peak in late 2011, LinkedIn (a groundbreaking social network in which people could send messages to each other) had a market cap of $560 billion – more than the top 2 companies in the world combined.

The stock began its plunge after CEO Jeff Weiner cashed out and left the company to become CEO of Apple at the beginning of 2012. Ironically, Apple’s stock began its plunge immediately after he became CEO.

It’s really a tragic story of greed and the inability to create a product that people can actually use. And if they did use it, it was only because they thought they should be doing it – because others were – and no one wants to be left out. But now everyone is left out.

About the sale, Mr. Weiner said: “I work at Apple now. I’m just thinking about running this company. LinkedIn was just a blip in my long career. It was really Reid’s baby, Reid’s vision (State Senator Reid Hoffman D-Palo Alto). I just worked there.”

And made over $2 billion while there.

Senator Hoffman was unreachable by phone but did release a statement through his office: “LinkedIn should have been my ticket to wealth beyond my wildest dreams. Thinking back, I wish I would have sold all (or even some) of my stock when it peaked like Jeff Weiner did. That bastard made $2 billion! It’s a God damned shame. State politics don’t pay shit.”

So LinkedIn, you were great once (in valuation), but now you’re gone. To quote The Lion In Winter – “The sun was warmer then…”

Shine on you crazy diamond!

Jill Kennedy – OnMedea