Saturday, November 22, 2008

What Jeff Berg will have to deal with

As Jeff Berg assumes the top position at NTN Buzztime, he must deal with the fact that the investment community has low regard for his company:

Harbinger detailed a broken system at Media General, with the newspaper and television company underperforming peers while outspending them. It said the company isn't aggressive enough, failing to pursue opportunities for retransmission and duopolies in certain markets. The investments it does make -- such as BlockDot Inc., and NTN Buzztime Inc. -- are "ill-conceived," Harbinger said. The firm recommends exiting all three businesses.

Harbinger's comments were made in the spring. Has much changed in the fall?

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