Word: murdoch
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Dates: during 2000-2009
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...very much enjoyed and learned from your cover story on News Corp. chairman Rupert Murdoch [July 9]. He has transcended the temptation to use his acquisitions to promote his personal ideology. Instead, he appears to have sought a balance by creating a powerful and profitable media dialogue that feeds on its own contrary products...
...members daily, but those don't all represent actual people (MySpace places no restrictions on how many identities one can assume), and there's a widespread belief--albeit one not yet backed up by much hard data--that Facebook is gaining ground. It's a belief shared by Rupert Murdoch, whose News Corp. owns MySpace. When an interviewer quipped in June that readers were abandoning newspapers for MySpace, Murdoch shot back, "I wish they were. They're all going to Facebook at the moment...
...Murdoch wins Dow Jones, it won't be because he's evil. It will be the result of decades of mismanagement of one of the world's great sources of news and analysis. All the Journal's Pulitzer Prizes can't mask the fact that, while demand for high-quality financial and political news exploded, the value of America's leading business newspaper first sank, then stagnated...
...Wall Street's judgment on Dow Jones ownership is pitiless. Investors in Murdoch's News Corporation hardly batted an eye when the old man bid $60 a share for a company that has been south of $40 a share for years. That enormous premium is the financial community's rough measure of the value of new management...
...weeks since Murdoch made his bid for Dow Jones, a number of writers have asserted that the Journal lags precisely because it is so good-that excellence is expensive and high-quality journalism cannot turn a good profit in a competitive era. There are at least two problems with this argument...