WP/Reuters: Google now most valuable media company in the world

[DeepModem Mom]

Google now most valuable media company
Reuters
Tuesday, June 7, 2005; 5:32 PM


NEW YORK (Reuters) - Google Inc. took over the top spot as the most highly valued media company this week, surpassing Time Warner Inc. in just 10 months of trading as a public company.

Google's share price on the Nasdaq rose another $2.18, or 0.75 percent, to close at $293.12 on Tuesday, an all-time high. Stock market analysts have suggested the stock could go as high as $325 or $350 a share.

With a current stock market capitalization of more than $80 billion, Google is now worth more than any other media company in the world. That includes Time Warner, created five years ago when AOL purchased Time Warner for $106 billion in a much-hyped combination of old and new media....

***

Other, more traditional, media companies trail Google's stock market worth by even more. Viacom Inc. and Walt Disney Co., for instance, hold stock market capitalization of between $54 billion and $55 billion.

Even Yahoo Inc., seen as one big internet media competitor, carries a market value some $27 billion less than that of Google....


http://www.washingtonpost.com/wp-dyn/content/article/2005/06/07/AR2005060701289.html

[depakid]

1. Based on what valuation?

Just because people think Google is worth what they claim it is doesn't make it so- Ask people who were holding Yahoo Stock circa 2000.

[DrDebug]

7. Indeed, it's just air.

I remember when infoseek was THE site. And then altavista was THE site. And you think that google is going to remain top forever??

[tanyev]

2. What a coincidence...

Google hires Dan Senor for VP of Global Communications and Strategy

The Mountain View, Calif.-based search engine giant has hired Dan Senor as vice president of global communications and strategy. Senor was the chief spokesman for the Coalition Provisional Authority in Iraq and senior adviser to U.S. Ambassador Paul Bremer.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1477791

[Mizmoon]

3. yeah, and AOL is more valuable than Time-Warner

:eyes:

[Zynx]

4. Uh-HUH. We've heard this one before.

[DonMeyer]

5. Put Social Security into Google!

More irrational exuburance

Too bad I didn't have the money to buy it when it was $100 a share.

[newyawker99]

6. Hi DonMeyer!!

Welcome to DU!! :toast:

[DeepModem Mom]

9. Hey, Don -- welcome to DU!

[rogue_bandit]

8. Google not so good anymore

I don't know why, but I've not been getting the search results I expect from Google anymore.

I do a lot of searching for computer information. The results have been whacky for some time now. Instead of a company I get a page or two of sites wanting me to fill out forms for access to drivers. Instead of reviews of products I get sites wanting to sell the products, even when I put 'review' in the search request.

It's losing my respect quickly, but I don't know an alternative. Any of you techies? What do you use?

John