“ The Curse of the Mogul (Jonathan Knee) - Highlight Loc. 465-69 | Added on Thursday, November 19, 2009, 02:41 PM If you are already the CEO of the largest consumer magazine or newspaper publisher in, say, Holland, what do you do for your next act? Local antitrust laws probably prohibit further consolidation at home. You have no expertise for operating such businesses in other markets and history has shown that buying such businesses in other markets—particularly in the giant U.S. market—is either prohibitively expensive, likely to end badly, or both. You could simply focus on operating these businesses well, growing them ========== The Curse of the Mogul (Jonathan Knee) - Highlight Loc. 469-72 | Added on Thursday, November 19, 2009, 02:41 PM organically, and returning the extra cash to shareholders. But what fun is that? Owning a Dutch weekly women’s magazine like Margriet or Vrouw Vandaag is unlikely to get you a good table at Michael’s or frankly even give you a good excuse for a trip to New York. On On the other hand, becoming one of the world’s leading scientific or financial publishers could do both ”