Time Inc. Chief Executive Joe Ripp said the inflated valuations for technology companies that he saw in the late 1990s are back.
“We’re at a bubble again,” Ripp said in an interview at Code/Media Series: New York. “We’re looking at these new technologies and services, and they say they’re worth a lot of money. … I’ve got to run an old media company. I can’t generate buzz. I have to generate cash.”
This article originally appeared on Recode.net.