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So is the corporate media acquisition the kiss of death for seemingly healthy social networks?
"It's evolutionary, not revolutionary," said Scott Ehrlich, vice president for media acquisition at RealNetworks in Seattle.
Mr. Martin, 63, retired as the chief executive of the Deer River Group, a Washington firm that owned and operated radio stations and provided media acquisition and financing consulting services to the communications industry.
Because of Allen & Company's reputation as a media-savvy deal maker, its inclusion as an underwriter stirred speculation that Google would be interested in seeking a media acquisition to compete with Yahoo.
This is the latest media acquisition for Clear Channel, which now owns 219 radio stations and 18 television stations in 48 markets in addition to its 88,000 outdoor advertising displays in 31 markets.
The deal is Tom.com's first print media acquisition under its cross-media business strategy.
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Disney has a mixed track record with digital media acquisitions.
In addition to her media acquisitions, Rinehart financially supports a number of conservative think tanks and antitax groups.
The report adds credence to a recent flood of social media acquisitions from companies like Oracle, Salesforce and Microsoft.
The federal government's decision to remove regulatory barriers to media acquisitions makes a Nine takeover of Fairfax possible.
"We've seen how this movie ends," said one executive at a traditional media company who nonetheless was still looking at a bevy of new media acquisitions.
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