Stacy McCain and Professor Jacobson discuss the...interesting economics of the deal.
Update: Brad Smilo was able to catch J. Packington Paco III as he was leaving the Paco Tower parking garage in his black 1939 Packard touring sedan for a quick, on-the-spot interview concerning the nixed AOL/Paco Enterprises deal.
Brad: J.P., wait! It’s Brad Smilo of Paco World News! *Puff*…*Puff*… Can you stop a moment? *Puff*…*Puff*… [banging on window] J.P.! Ah, thank you, sir, for pulling over. I…gack!
J.P. [to chauffeur]: It’s all right, Otto. Kindly release Mr. Smilo’s throat.
Otto: Ja wohl, mein Herr!
J.P.: Please forgive Otto, Brad. He has the chauffeur’s natural hostility for pedestrians. Climb aboard.
Brad: *Cough-cough* Thanks, J.P.
J.P.: Here, permit me to pour you a small brandy, to restore your tissues and soothe your bruised larynx.
Brad: Much obliged, sir! So, tell me, J.P., is it true that AOL offered to buy the Paco Enterprises blog?
J.P.: AOL proposed to steal it. They offered me 300 hundred million - dollars, mind you, not even Euros.
Brad: But isn’t that a lot of money for a blog - forgive me for speaking plainly, sir – that only has a regular readership of perhaps twenty people, with names like JeffS and Yojimbo and Minicapt?
J.P.: Mwahaha! Gad, sir, you are a character, indeed you are! Those are aliases for some of the wealthiest people in the world; they pay to have access to the comments section.
Brad: But…Deborah Leigh? That sounds like a regular name, and she seems like an ordinary American.
J.P.: Her majesty…er…the commenter in question would be glad to hear that you think so. She has become inordinately proud of her grasp of the American idiom.
J.P.: You may well say “gosh”, Brad, and you would not go far wrong by adding “Son of a gun!” and “Holy cow!”
Brad: Consider them added, J.P.! Thanks for your time; once again, you’ve been very informative.
J.P.: Always happy to be of service. May I drop you somewhere?
Brad: Somewhere in the vicinity of a fast-food restaurant, if you don’t mind. I haven’t had my dinner yet.
J.P.: Well, you can join me! [reaches forward with his walking stick and knocks on the glass separating the driver’s seat from the passenger compartment] To Chick-Fil-A, Otto! Schnell!
Otto: Sehr gut, Herr Paco!