The New York Times goes into some more depth about this Texas Tribune, which it says might launch as early as November. One FBvian tells me he should know shortly some of the other names of the eight or so journalists who will be joining Smith. This endeavor will certainly be something to watch (understatement).
Let me say this. I believe every word that Evan Smith wrote about his departure — about how he always knew he didn’t want to stay too long, about how he’d already been planning his succession. But I also believe that Emmis‘ market cap stands at $9.66 million (hell, TxMo alone might be worth that), with its shares trading at about 26 cents. Please don’t misunderstand. I’m not saying he’s jumping from a sinking ship. But looking at the work ahead, knowing what might be required to keep that ship afloat, he surely must relish the opportunity to build something new — to actually hire people.
