Word: murdochized
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Things could get a lot worse for Kirch if Rupert Murdoch is thinking along the same lines. Rumors are constantly swirling that Murdoch may use Kirch?s current debt problems to make an opportunistic grab for a greater share of the pie. And he may also have the instrument with which to do it. In 1999, Murdoch?s BSkyB bought into KirchPayTV. But it, too, negotiated a "put" option - come October, BSkyB can elect to sell back its 22% stake in KirchPayTV to Kirch for an estimated $1.5 billion, above market value. Murdoch may demand that Kirch pays...
...only the hovering presence of Murdoch, but other global TV powerhouses such as John Malone?s Liberty Media that may yet figure in Kirch?s future plans. Last September, Malone bid for six of the nine regional German cable systems that incumbent operator Deutsche Telekom was forced by regulators to shed. He also made a play for Kirch, but withdrew after regulators expressed concern...
...Gilbert in Topsy-Turvy, the impresario in Moulin Rouge and, most delectably, the barmy aristocrat in A Sense of History (which he wrote) all suggest a beguiling expanse of personality. His work in Iris--as John Bayley, the Oxford professor who escorted his wife, novelist Iris Murdoch (Judi Dench), through Alzheimer's disease--adds tragic bafflement to the gifts on display in Broadbent's work. A Golden Globe nomination and laurels from two critics' groups have given the Englishman a new sensation: "I seem to be entering into the strange world of awards...
...Murdoch Sr. had bought STAR from Hong Kong's Richard Li in 1995 for $950 million. A perpetual money loser, it initially looked like News Corp.'s overpriced albatross. STAR has no shortage of eyeballs?it beams its satellite signal to 300 million people?yet it has virtually no control over subscribers on the ground. Instead, it is heavily dependent on advertising revenue. But STAR was a first mover in these vast new markets. And it was central to Murdoch's vision of constructing a global satellite network?a dream foiled recently by his failed bid for DirecTV...
...Besides the short rEsumE, James had no experience in TV or in Asia. But Rupert Murdoch wasn't looking for an expert: he wanted a trusted emissary who would look after his interests with the unswerving dedication of, well, family. In Asia, where family connections carry tremendous weight, someone with the Murdoch pedigree makes an ideal ambassador. Besides, Rupert already had somebody who knew about TV and Asia: himself. "You put someone in charge without any practical experience running a large business and you'd think it would be a prescription for disaster," says a senior News Corp. executive...