Gourmet bites the dust
Dan Abel wrote:
>
> Seems like your typical US business practice. Buy out your competition,
> milk the product for what it's worth, and then close it down. Now
> you've got the whole market, but just need to print one magazine, and
> have one set of staff. You can choose the best staff from each, and
> ditch the rest. What's not to like about this, if you are just looking
> for money?
That's pretty much the way things work. The ironic thing about it is
that the businessmen who do that preach about free enterprise and the
need for competition to make operations things efficient and keep prices
down. Then they buy up the competition to keep their prices high.
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