Word: murdochized
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...paper's top job almost exactly a year ago, replacing Paul Steiger, who had held the job since 1991. Brauchli received a standing ovation in the newsroom when his appointment was announced and was viewed as someone who would safeguard the paper's credibility in the face of Rupert Murdoch's ultimately successful attempt to purchase Dow Jones...
Ratings shmatings: if a Rupert Murdoch network cannot dominate the field of ticking off the Clintons, that has to sting...
...holding company for a cluster of minority stakes, including 25% of pay-TV operator Foxtel, 50% of Fox Sports and 25% of PBL Media, the private-equity vehicle that owns Australia's free-to-air Nine Network. This mixed bag of holdings leads Chenoweth to suspect that Murdoch and Packer are planning "a second transaction that they haven't yet disclosed" - a deal that would turn piecemeal investments into controlling stakes...
...Monash University media specialist Nick Economou says Murdoch and Packer appear to be members of a new breed of non-interventionist proprietors. "Both of them have struck me by their total lack of interest in wielding influence," he says. "They're not motivated by that stuff. They want money." Foxtel is the jewel in the CMH satchel. After losing $104 million in 2005, it turned a $62 million profit last year - and analysts forecast rapid growth as it increases its 29% penetration of Australian homes...
...scions' friendship has thrived despite some searching tests. They were opposing generals in Australia's rugby-league war of the mid-'90s. While Murdoch was recruiting players to join News Ltd.'s rebel competition known as the Super League, Packer was trying to keep them loyal to the 90-year-old Australian Rugby League. (The parties eventually compromised.) In 2001, while Packer and Murdoch were executives in their fathers' companies, they jointly invested in One.Tel, a deal that cost both companies a total of about $500 million when the cut-price mobile-phone company collapsed. Packer encouraged Murdoch's involvement...