$$$. $$$ $$$$$ $$$? $$$$$.

Social networking service Gather.com announced on Tuesday that Kevin McClatchy, CEO of the Pittsburgh Pirates major league baseball team and a director at The McClatchy Co., the third largest newspaper company in the U.S., has acquired a minority stake in the company.

Boston-based Gather.com said that the new investment funds by McClatchy will be used to expand its product development efforts and support its expansion plans.

Wow. I could have thought of one other place that money would have been appreciated.





5 Comments

  1. McWho?
    June 20, 2007 10:08 am

    Aging wealthy gay men need social networking more than high-paid baseball players.



  2. Chase
    June 20, 2007 4:09 pm

    McClatchy has no power in the Pirates organization.

    Do some research.



  3. PittGirl
    June 20, 2007 4:56 pm

    Good lord, Chase, you have got to be the most negative reader I have.

    My point was that maybe McClatchy could have invested some of this here money right back into the Pirates.

    Get it?



  4. Chase
    June 20, 2007 7:09 pm

    No. Because he’s a minority owner.



  5. TRUTHTELLER
    June 21, 2007 12:55 pm

    Flat affect…that’s all I’m sayin’ PG.