Word: murdochized
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...pileup of rubberneckers on the Santa Monica Freeway. Last February he resigned from one of Hollywood's most powerful posts -- chairman of 20th Century Fox and mastermind of the Fox network -- because he wanted to run his own company rather than continue as a hired hand in Rupert Murdoch's media empire. Hollywood assumed he would return as the head of another studio or perhaps a network, and he did have some exploratory discussions about buying NBC. But when he announced his new venture in early December, it came as a shock. Joining forces with two cable-industry partners, Diller...
...staff members in Manhattan recall secretaries scurrying around before one Diller visit, trying to replace the red poinsettias with the white ones Diller prefers. His outbursts of temper are legendary. During an argument with Stephen Chao, the former head of production for Fox's owned stations (later fired by Murdoch for hiring a nude male model to illustrate a lecture on censorship), Diller threw a videocassette so hard it broke a hole in the wall. Chao put a frame around...
McAlary's own paper was in even worse financial shape than the News. Press tycoon Rupert Murdoch, who bought the Post in 1976, lost about $150 million in a dozen years before caving in. The latest would-be savior was Peter Kalikow, like Zuckerman a real estate lord, who ran down the circulation (from 550,000 to about 438,000), threw his real estate holdings into bankruptcy and exacted a 20% pay cut from his staff before finally putting the paper up for sale. Answering the call was Hoffenberg, whose millions come from "financial services," in this case buying other...
...BOOKS Murdoch catches the tycoon but misses...
...Murdoch sees himself as a radical provocateur. Yet the onetime student who kept a statue of Lenin in his Oxford digs is now a confirmed Thatcherite. "He deals in simplicities, and simplicities can be dangerous," Shawcross writes piously, referring to Murdoch's unshakable faith in the blessings of an international free market and the imposition of American values and products on the rest of the world...