Word: murdoch
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Maybe the kid's all right after all. In the fall of 2003 investors were screaming nepotism when media mogul Rupert Murdoch installed his son James as chief executive of BSkyB, the British pay-TV powerhouse that is 36% owned by Murdoch Sr.'s New York City--based News Corp. But earlier this month James, 32, wowed them by reversing a two-year skid in Sky's year-to-year quarterly subscriber growth. "Murdoch Jr. is doing fairly well, to be honest," says John Hayes of London-based F & C Asset Management. That's high praise from a fund that...
...subscribers, like lunch, don't come free. Murdoch began spending heavily in October on marketing and advertising, jacking up the cost of acquiring each customer to $430 from $387. "The marketing costs were higher than people expected," says analyst Kingsley Wilson of Investec. Subscriber-acquisition cost, says James, is "not particularly a measurement that we are concerned with...
...million in the past four reported quarters, bought a professional soccer team last January. In November, Rakuten won the right to create the first team added to Japan's professional baseball league in 50 years. "At first I didn't really understand the obsession that people like Rupert Murdoch seemed to have merging media with sports," he says. "But now I do." --By Jim Frederick/Tokyo...
...rationale) to ?The Hunting of the President? (detailing the Right?s long campaign to destroy Bill Clinton). They covered the media?s coverage of Iraq in ?Control Room? (a sympathetic look at the Arab news channel Al Jazeera during Operation Iraqi Freedom) and ?Outfoxed? (a searing attack on Rupert Murdoch?s Fox News Channel).. The genre could expand to embrace ?The Corporation,? a scholarly, skeptical essay on multinational capitalism. All these films tried to share a bit of the spotlight in the ?Fahrenheit? glare. And hoped to get some collateral damning from the attacks aimed at Moore...
...others. Yet Malone has been unable to add value to this portfolio; the stock has gone nowhere in years and, at around $10, represents a hefty discount to Liberty's assets. Liberty didn't respond to an interview request. But Malone is thought to be trying to pressure Murdoch into buying some of his cable assets in order to raise cash and start fresh...