Greg David of Crain’s New York Business analyzed the numbers of recent media valuations to establish whether or not we are in a tech bubble. The fears come mainly after a LinkedIn IPO valued the company at almost $9 billion. However, the article looks at other NY companies such as Gilt Groupe and Barnes & Noble, which suggest there are no such frenzy in the market. Goldman Sachs valued Gilt at roughly $1 billion, similar to Liberty Media‘s valuation of Barnes & Noble.
The article concludes that if there is a bubble emerging, it is limited to social media companies, and the internet sector in NY is so far financially sensible.