Word: murdochized
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Dates: during 1980-1989
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...harrowing vision of Ibsen's The Wild Duck, stressing its social-class conflicts, first seen at Arena Stage in 1986. The other is the U.S. premiere of Pravda, a 1985 London hit about the takeover and corruption of serious news media by a tycoon whom critics likened to Rupert Murdoch. Wright is looking forward to them confidently. "Thanks to the long and rarefied history of the repertory at this theater," he says, "the audience is much better educated than average about the literature of the stage and eager to embrace demanding and sophisticated work...
...Even Murdoch, however, must turn to others for help in buying magazines and TV stations. Because he refuses to raise capital by issuing enough shares to dilute his control of News Corp., Murdoch finances most of his acquisitions through the sale of assets and by borrowing. The company's current debt is $4.7 billion, and annual interest payments amount to more than $600 million. But Murdoch's publishing ventures generate a large enough cash flow -- $1.2 billion last year -- to cover the interest payments. Murdoch was one of the first to recognize that media companies, which are traditionally asset poor...
DESCRIPTION: Value of business holdings of Rupert Murdoch...
...Murdoch is no absentee press lord. His home is now New York City, but he spends much of his time traveling among his far-flung operations. While he may rely on his two chief lieutenants, Richard Sarazen and Martin Singerman, for handling financial matters and administrative details, the one in charge is Murdoch. Says Investment Banker Veronis of the Triangle deal: "At our first meeting, he carefully picked up each publication, and we talked about the content and the market that the publication reached. There are very few people who are editorially astute and who have a penchant to learn...
...Rupert Murdoch takes a $3 billion magazine gamble. -- Interest rates jump. -- The honeymoon is over for Moet and Vuitton...