Word: murdochized
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Dates: during 1980-1989
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...Though Murdoch had thought about becoming a U.S. citizen since 1983, the prospect of the Metromedia deal made up his mind. The decision, nonetheless, was a difficult one. Born and raised in Melbourne, Murdoch inherited a pair of struggling newspapers in Adelaide from his father in 1952; from that puny seed grew Murdoch's $1.8 billion-a-year empire, which still has headquarters in Australia (see chart). Even Murdoch's mother, who lives near Melbourne, seemed taken aback. "It was quite a bit to swallow at first," says Dame Elisabeth Murdoch, 76, "but that doesn't alter the fact that...
...time Kluge talked to Murdoch and Davis, he had agreed to sell the Boston outlet to Hearst. Murdoch did not mind losing out on that station (among other things, it would have forced him to sell his Boston Herald). The major sticking point was Kluge's reluctance to include New York's WNEW-TV in the deal. "It justified the whole package to us, that New York was there," Murdoch told TIME. When Kluge relented and agreed to give up WNEW-TV, "normal negotiating," as Murdoch calls it, commenced...
...trade-offs Murdoch must make for this deal, however, suggest that he has a more ambitious plan in mind. After all, here is a shrewd financier spending a great deal of money and giving up his citizenship for half a dozen stations that will not pay back their purchase price for years to come. Murdoch operates Sky Channel, a satellite station that supplies English- language programming to more than 1.6 million homes in Britain and Europe. He also owns two TV stations in Australia. Once Fox steps up production for its TV outlets, Murdoch in turn could transmit...
Such optimistic speculation about the future of Murdoch's airwaves contrasted with the anxiety of his 1,200 employees at the New York Post. Though circulation has almost doubled since Murdoch bought the paper in 1976 (from 500,000 to 900,000), the tabloid still loses about $10 million a year. Potential buyers include the Chicago-based Tribune Co., which publishes the New York Daily News (circ. 1,391,000), and the Times Mirror Co., owner of Long Island's Newsday (circ. 542,000), which is making a strong bid to break into the New York City market. Either company...
Other potential bidders may be scared away by the thought that if Murdoch could not make the paper profitable, no one can. In his quest to put the Post in the black, Murdoch transformed a liberal if tired tabloid into a manic, grab-'em-by-the-lapels paper that jolted readers with apocalyptic headlines. If newsprint could talk, the Post would be the loudest paper in the country. A rambunctious student upsets a teacher? Read all about it in last Wednesday's edition under MOTORMOUTH MENACE MADE ME QUIT. If the Post had not been so uncharacteristically silent about...