Don't Fret Google's You Tube Buy

 

Now I am not saying "buy Google" with this piece. I am merely saying that one more example of what the media called a colossal overpay has probably just paid for itself. And one more example of how the old media doesn't get it and can't be saved is now manifested.

You know how funny this is? If Tribune Corp. (TRB Quote) had simply sold the Cubs, and not bought back stock, it might have been able to buy You Tube and be a player.

But then again, that's pure fantasy.

I am sure the people who run Tribune Corp. would have the same experience I had last night at dinner, if they bother to listen to what the kids are doing. But then again, they are in the newspaper business, which presumes a total lack of knowledge of what kids are doing because almost no kids read the paper at all.

Random musings: College students, listen up! RealMoney is offering you something special... a free subscription through May 31, 2007. The only requirement: You must have an email address that ends in .edu. Email collegetour@thestreet.com to accept my personal invitation to come read my blog every day, plus all the other writers on that great site. Pass it on!

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At the time of publication, Cramer was long Yahoo!.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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