Congratulations, Take-Two. You win second place on the list of 10 worst media deals of 2008. Spurning Electronic Arts' offer to buy you got the attention of some list-making investors, who hailed your decision.

Oh, they hailed it as a massively missed opportunity, considering EA offered to buy your stock at a premium of $25.75 per share, which is now hovering around $8. Not that EA's stock is doing much better, currently rebounding at $17, but you get the idea.

The UBS Global Media & Communications Conference in New York, in case you happened to miss the liveblogging of it (somewhere) ‚ÄĒ we don't know how you could have missed the original mega-corporate soap opera ‚ÄĒ also gives CBS, Time Warner and, most of all, Yahoo! the "what for" for their financial decisions last year. Good times!

UBS unveils worst media deals of '08 [Variety]