Thursday, February 26, 2009

Report: GCI likely paid less than $15M for Ripple6

PaidContent just posted that estimate, based on details about the controversial November deal that emerge in Gannett's newly filed Form 10-K. GCI has not disclosed the price it paid for Ripple6, a social network software maker in which Chief Digital Officer Chris Saridakis held a 10% stake.

2 comments:

  1. What's up with that very detailed Saridakis employment contract? Are they all written that way?

    ReplyDelete
  2. RE: Saradakis contract. I just think this guy is smarter than most executives at Gannett.
    This Ripple ownership he had is chump change for him. I am wondering how long he lasts at Gannett and puts up with this comedy.

    ReplyDelete

Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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