In contrast, Google continues to innovate in many spheres of Internet and e-commerce activity, from mobile operating systems to books to social media.

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Yesterday, Doubleday filed a lawsuit in which he accused baseball commissioner Bud Selig of conspiring with an accountant who is also a consultant to Major League Baseball (MLB) to place an "artificially" low price on the team by manufacturing "phantom operating losses" in MLB's books.

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True, Wiley had to load debt on the books (now 66% of capital), but Blackwell's operating income (as in Ebitda) has risen 26% annually over the past three years, versus Wiley's 2%.

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