Word: murdoch
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Dates: during 2000-2009
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...network, abruptly announced his resignation after company executives refused his request to cut into a reality television show following the death of Eluana Englaro, a comatose Udinese woman whose right-to-die case had riveted the nation. Almost immediately, Mediaset accused Mentana of striking a deal to go to Murdoch's All-News Italian station...
...Still, Berlusconi, has some weapons that Murdoch does not. Last fall, the prime minister pushed through a government decree that doubled to 20% the Value Added Tax (VAT) on pay television subscriptions. Sky Italia responded with a series of advertisements aimed at their subscribers (who also happen to be Italian voters) outlining how the Berlusconi government's decision was unfair to consumers. Mediaset and RAI also recently joined forces to launch a digital terrestrial service called Tivù, modeled on a British free-to-air platform that has cut into the market share of BSkyB, Murdoch's U.K. satellite television...
...Candela says Murdoch is doing well in Italy. Sky Italia registered earnings of $3.2 billion last year, closing in on RAI ($3.7 billion) and Mediaset ($4 billion). The Berlusconi-Murdoch showdown is the inevitable result of the "convergence" of free and pay television, Candela says, and may finally lead to the end of the 20-year-old duopoly between Mediaset and Rai. "As the TV system reaches maturity, we're now seeing open combat for ratings, profit and talent," says Candela. (Read TIME's TV blog, Tuned...
...former lunch pals know that there is an upside in getting along. Murdoch, whose net worth Forbes tallies at $8.3 billion, has only to gain by patching up his relationship with the sitting Prime Minister of the country that is host to his fourth largest holding. Berlusconi, who comes in at $9.4 billion on the Forbes list, owns Endemol, producers of global variety and reality television programs, which sometimes run on Murdoch networks. (Read a TIME cover story on Reality...
...Dennis Redmont, professor of international communication at the University of Perugia, says both moguls may be realizing they have misjudged the situation. "They underestimated each other," says Redmont, a former Associated Press bureau chief in Italy. "Murdoch thought he was getting a monopoly on [pay TV], and Berlusconi didn't expect that Sky would grow so quickly." Given that both men are known for their business pragmatism, perhaps it's time for another lunch...