"Please keep this note within the family"

Looks like someone didn't heed the request in the first line, when a private memo from the CEO of alt-weekly chain Creative Loafing (ugh) got sent to journalism columnist Jim Romenesko. Whoops.

The memo addresses the New York Times story about the Reader layoffs (would he have written it had the firings not gotten national play?), but is also a good look into the mindset of a media-mogul wannabe in 2007, the worst possible year to try and become a player:

It also has the single worst and most confusing definition of "the long tail" theory I've ever read:

The online game is tied to the theory of the long tail where large internet based media companies (Google, Yahoo, MSN, AOL) form the head of the tail and the end of the tail is the lonely blogger sitting in his or her underwear.

Exactly what is this the tail of?

And this is the guy that's going to save alternative weeklies, thanks to his understanding of the Internet?