MySpace worth more than NY Times?

On his recent radio show, former money manager and current investment pit-bull and part-time sideshow freak (and friend of Paul Kedrosky’s) Jim Cramer said that old media companies will never be as successful as new ones because they keep getting dragged down by the losses of their legacy assets like newspapers, and that on the open market, something like MySpace would be worth more than the New York Times. Discuss.

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