Cuban: The Internet Is Dead. Well IMHO what an idiot!

Filed under Mark Cuban
July 30, 2007 3:16 pm

The archetype of the Internet-bred billionaire Wednesday declared, “The Internet’s dead. It’s over.”The speaker was Mark Cuban, who sold Broadcast.com to Internet portal Yahoo in 1999 for $5.7 billion. He is currently the owner of the National Basketball Association’s Dallas Mavericks and HDTV programmer HDNet. He is also considering buying Major League Baseball’s Chicago Cubs, out of his pocket, for about $1 billion.

The venture that http://www.multichannel.com/index.asp?layout=micrositeArticle&industryid=47550&articleid=CA6463169made his fortune, Broadcast.com, was the outfit that legally streamed programming from 420 radio stations and networks; 56 TV stations and cable networks; and game broadcasts and other programming for more than 450 college and professional sports teams over the Internet.

And Cuban made his comments to operators of a set of high-bandwidth alternatives to the Internet, known as cable systems.

Speaking on the closing panel of the CTAM Summit here, Cuban declared, “The Internet’s for old people.”

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