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...Besides, Vivendi, like News Corp. (which dominates satellite in Europe and China), hails from a part of the world where owning cable lines doesn't seem so important. Right-out-of-the-box satellite is getting a fast start in the infrastructure-deprived Third World, and only half of European households are wired for cable - with most of the wiring on the Continent yet to be upgraded to carry the broadband content that movies-on-demand dreamers are waiting for. In the U.S., meanwhile, a full 90 percent of homes are wired for cable, and as for broadband capability...
...Other independent voices have also felt the Prime Minister's wrath. Thaksin has used his weekly radio address to ridicule some of Thailand's leading bankers and economists for making gloomy forecasts. Newspaper editors say Thaksin's Shin Corp., the country's largest advertiser, pulls ads if they report unfavorably on the government. (Government officials deny this charge.) Unhappy with coverage of himself in the foreign media, Thaksin and his advisers have also accused journalists from several Western news publications?including TIME?of bias and of being part of a smear campaign against him. The climate of intimidation has some...
...Murdoch Sr. had bought STAR from Hong Kong's Richard Li in 1995 for $950 million. A perpetual money loser, it initially looked like News Corp.'s overpriced albatross. STAR has no shortage of eyeballs?it beams its satellite signal to 300 million people?yet it has virtually no control over subscribers on the ground. Instead, it is heavily dependent on advertising revenue. But STAR was a first mover in these vast new markets. And it was central to Murdoch's vision of constructing a global satellite network?a dream foiled recently by his failed bid for DirecTV...
...James was a counterintuitive choice to head STAR. After leaving college, he had shied away from News Corp., founding Rawkus, a record company that specialized in rap-metal bands a few years before Limp Bizkit made millions with the formula. He also had a brief dalliance with cartooning, producing a strip whose antihero "Albrecht the Hun" preferred literary pursuits to raping and pillaging. But James eventually set aside his own artistic impulses and joined the family fold. He first took over News Corp.'s small but troubled music division in 1996. Next, with investors clamoring for greater involvement with...
Liberty Media is an oddball idea. It's John Malone's collection of both public and private media-content businesses. It's at $11.50, and there's probably $10 worth of publicly traded stock in his collection of assets, including AOL Time Warner, Sprint, Motorola and News Corp. He also has about $10 a share worth of private companies like Discovery Channel and QVC. The list is as long as your...