Friday, August 29, 2003
Paul Allen looking to sell TechTV - Aug. 27, 2003
Paul Allen looking to sell TechTV - Aug. 27, 2003: "TechTV on the block
Viacom and Sony reportedly have been approached; value is estimated at $250M-$300M.
August 27, 2003: 10:32 AM EDT
NEW YORK (Reuters) - Paul Allen, the entrepreneur and co-founder of software maker Microsoft Corp., is looking to sell his technology-related cable channel TechTV, the Wall Street Journal reported Wednesday, citing people familiar with the situation.
TechTV, owned by Allen's investment firm Vulcan Ventures Inc., is worth $250 million to $300 million, the paper said, citing sources. A TechTV representative was not immediately available to comment to Reuters. "
Well, I suppose it had to happen. Their live content has been going downhill for some time. I grieve for what it could have been, with the proper resources and funding. Personally, I can think of a number of companies that should, perhaps, get together to do it right. I don't the whole story, I'm sure, though I wish I did. My curiosity is killing me by inches. Still and all, TechTV is a thing that needs to be around. What every true geek hates most of all is tech news reported by non-geeks. They are SO clueless. For instance, the head anchor of the Cleveland news station we watch calls every PDA a Palm Pilot (!). It's enormously frustrating. I think that the station owners realize it, dimly, because they tried running a once-a-week tech segment on the Friday night news, but it was an instant flop. They picked one of their own staff members who knew how to boot a computer and, maybe, play GTA. Or Quake. He struggled to find something that seemed to have a connection to computers, but would be understandable to Granny. It lasted (I think) about 6 weeks. There's such a huge gap between geeks and the Great Computer Illiterate Masses. I applaud the local schools who have made computer literacy a graduation requirement.
Oops! Sorry, it's a Hot Button subject. Anyway, we need a 'TechTV' in place. I just hope someone will come along and do it right.
Viacom and Sony reportedly have been approached; value is estimated at $250M-$300M.
August 27, 2003: 10:32 AM EDT
NEW YORK (Reuters) - Paul Allen, the entrepreneur and co-founder of software maker Microsoft Corp., is looking to sell his technology-related cable channel TechTV, the Wall Street Journal reported Wednesday, citing people familiar with the situation.
TechTV, owned by Allen's investment firm Vulcan Ventures Inc., is worth $250 million to $300 million, the paper said, citing sources. A TechTV representative was not immediately available to comment to Reuters. "
Well, I suppose it had to happen. Their live content has been going downhill for some time. I grieve for what it could have been, with the proper resources and funding. Personally, I can think of a number of companies that should, perhaps, get together to do it right. I don't the whole story, I'm sure, though I wish I did. My curiosity is killing me by inches. Still and all, TechTV is a thing that needs to be around. What every true geek hates most of all is tech news reported by non-geeks. They are SO clueless. For instance, the head anchor of the Cleveland news station we watch calls every PDA a Palm Pilot (!). It's enormously frustrating. I think that the station owners realize it, dimly, because they tried running a once-a-week tech segment on the Friday night news, but it was an instant flop. They picked one of their own staff members who knew how to boot a computer and, maybe, play GTA. Or Quake. He struggled to find something that seemed to have a connection to computers, but would be understandable to Granny. It lasted (I think) about 6 weeks. There's such a huge gap between geeks and the Great Computer Illiterate Masses. I applaud the local schools who have made computer literacy a graduation requirement.
Oops! Sorry, it's a Hot Button subject. Anyway, we need a 'TechTV' in place. I just hope someone will come along and do it right.
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