Word: murdoch
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Dates: during 1970-1979
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What else makes Rupert run? Some associates believe he is driven by a need to better the accomplishments of his famous father. Others say Murdoch's ambition is to overcome his resentment at being forever considered an outsider?at Geelong Grammar, at Oxford, in Sydney, on Fleet Street. Up to a point, Murdoch agrees: "New York welcomes newcomers. In England, if one is an outsider there is suspicion." Still other Murdoch-watchers explain that the inveterate gambler is merely playing two-up with bigger stakes these days. Too bloody right, admits Murdoch: "Publishing is a life of constant calculated risks...
...spires of New York publishing and yet worry about wrinkling his necktie. Perhaps Murdoch has built his empire for the sheer fun of it. "It's a pretty heady life," he says. "There you are rubbing shoulders with Cabinet ministers, heads of big businesses, people who are involved in the arts. I love it. Who wouldn...
...perhaps hidden in some family vault near Melbourne, where a young boy of ten once frolicked in unburdened bliss, there is a rusty sled emblazoned with the word ... no, wait. It never snows in Melbourne, and Murdoch is no self-destructive Citizen Kane. America's newest press lord has only just discovered a whole nation of newspapers he does...
...lose; one of each, toss again). As Murdoch is quoted by his biographer, onetime London Journalist Simon Regan: "I love to play it. You bet on a run. You go in with a couple of quid and two, four, eight, you double it all the time. If you're betting on, say, heads, you can make hundreds if you get a run. Then it comes down tails and you're all through. The real game is the gamble on exactly when to stop...
...Murdoch had never played two-up with a newspaper, and he was eager to try for a run. So in 1956 he bought a Sunday paper in Perth for $400,000, then four years later spent $4 million for the Sydney Daily Mirror, a racy tabloid weakened by incessant circulation wars. His Sydney invasion literally touched off new fighting. When Murdoch outbid a rival publisher for an Anglican Church printing plant, the rival tried to occupy the building. Murdoch allies rounded up a gang of hammer-wielding thugs and recaptured the plant after a bloody fight. At the same time...