Word: murdochized
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Murdoch and Kluge, already friends, exchanged pleasantries; before long, Kluge was sounding out Murdoch and Davis about selling them Metromedia's string of television stations. A discussion over dinner led the following day to serious talks, which eventually led to marathon meetings in Kluge's apartment in New York's Waldorf Towers. As the hard-driving Murdoch described the complex bargaining that followed, "You find things you don't expect, you shout, you scream...
...shouts and screams are over. Murdoch and Davis agreed last week to buy the nation's largest independent television archipelago, with stations in New York, Chicago, Los Angeles, Washington, Dallas, Houston and Boston. The price tag is $2 billion, making the acquisition the second largest in broadcasting history. (First place belongs to the $3.5 billion takeover of ABC by Capital Cities Communications in March.) The new owners will immediately sell Metromedia's Boston outlet, WCVB-TV, to the Hearst Corp. for $450 million. Murdoch and Davis will end up with six stations that reach one out of every / five...
...deal was put together with such speed that even Murdoch was surprised. "It's hard to believe it began five weeks ago," he says. The transaction further cements a remarkable partnership between two self-made men, each long accustomed to being his own boss and acting accordingly. On one side of the table is Keith Rupert Murdoch, 54, perhaps the most feared and grudgingly admired press entrepreneur in the English-speaking world. On the other is Marvin Davis, 59, son of a New York dress manufacturer who wildcatted an oil fortune in the Rocky Mountains. The two offer a startling...
...Murdoch's TV dreams will cost him a well-known slice of his American fief. Federal Communications Commission rules bar a newspaper publisher from owning a TV station in the same city. Thus Murdoch will have to sell both the New York Post, a screeching tabloid partial to news of crime, sex and the latest lottery winner, and the more sedate Chicago Sun-Times. To raise cash for the Metromedia deal, Murdoch is also seeking a buyer for the Village Voice, the leftish Manhattan weekly that nearly always was at odds with its owner's conservative politics (asking price...
...best-known possession Murdoch may have to give up is his Australian citizenship. FCC regulations also bar foreigners from owning more than 20% of a broadcast license. Murdoch, who has lived in New York since 1974, announced that he will apply to become an American citizen. If his application is approved quickly, Murdoch could recite the Oath of Allegiance in a matter of weeks. Though Murdoch may seek dual citizenship, Australian law forbids it; unless Murdoch finds a legal loophole, he will be an American only...