CBS Sports on Contenders

I am very proud that the Washington Capitals are mentioned in the same breathe as some great organizations. This article is self-evident on the progress we have all made together; so I am grateful to our fans and to our team management, coaches, staff and players for our progress to date.

We have worked very hard to make our franchise a team that matters and to create a hockey affinity in our market. We have invested and spent money and time and effort all to try and make our fans happy and to build a winning franchise here in the DMV. We have much work left to do – but I see progress all around as do people in the media and while we are all focused on much bigger deliverables than good press– reading this one- at this time in the off season- was a pleasant surprise.

When I read that we are a great hockey town; that free agents want to play here; that we have sound infrastructure – a good plan; that we invest and spend to keep winning; it reminds me of how we are all in this together and I wanted to say thank you and Let’s Go Caps!

Read this one if you have a free moment; thanks again.

Great News for Web Media Companies

The floodgates will now open. As I have been advocating and predicting, old media companies will now re-purpose their cash flow to buy new media companies again. This deal gives permission to newspaper companies – and broadcast companies - to park their cash into growth opportunities. CNet was the last big independent player of scale out there. Now traditional media companies will truly begin, in earnest, to roll up and consolidate and tuck in faster growing Web 2.0 media companies. This is a good move by CBS too. They have a money machine and can expand the revenues of the company. CNet was always an ITV company acting as a web company and they have a terrific publishing platform. Win/win situation here.

TV News 2.0

This is not a big deal. It will be good for the networks and good for CNN and consumers won’t mind or, frankly, even notice. It is no different than CNN making a news widget and having it carried on ESPN or Yahoo or AOL aggregating up another network’s content and carrying it within their news channels. It is frankly shocking that it has taken this long to come about. Don’t be afraid CBS - go for it!