CyberFrequencies

Michael Uhlenkott
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June 27, 2009

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Queena Kim, Off-Ramp and CyberFrequencies producer, writes:

After I read in The Wrap that Nikki Finke sold her blog Deadline Hollywood Daily for $14 MILLION BUCKS, I made a few calls.

My first call: Finke ... to congratulate her.

And then, I dialed up Gawker’s Gabriel Snyder wondering, “How can CyberFrequencies start a blog, and get our 14 Mil?”

Snyder shot back, “The fact that that number is being tossed around is just absolutely absurd…" He's heard the cash pay out is closer to $1 Million and there's a a salary and a contract that can bring extra.

He said, "I emailed Sharon after she posted that story and I said, 'I simply don’t believe that 14-million-dollar number.' And she responded by saying, 'It is a crazy, stupid number in my opinion but I’m happy about it. I’m all for people paying stupid money for websites.'”

But what does that mean?

Snyder says it's about maintaining the illusion, "So even these two rivals have a shared interest in everyone thinking a website that covers industry news in Hollywood could be worth 14-million dollars.”

Oh, I get it, so if everybody thinks Deadline Hollywood is worth $14 Mil, then Waxman can say, “Hey mine’s worth $30 Mil?”

Bummer!!! Because by that equation, we CyberFreaks need to come up with a different retirement strategy

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