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Jens 'n' Frens |
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Jonah Goldberg makes a good point about a story I wasn't aware of:The Washington Post Company told two parties interested in buying Newsweek that they shouldn't bother making an offer because they are ideologically unacceptable. I have no problem with people or corporations selling to whomever they want. But the Washington Post Co. is a public traded company. Were shareholders asked whether it was okay with them for potentially higher bidders to be locked out of the process for ideological reasons?I would guess not. I've seen shareholder lawsuits based on weaker grounds. |
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