Word: posts
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Dates: during 1980-1989
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...Murdoch's New York Post is an endangered species, the fault is his own, with a little help from Senator Ted Kennedy. The ambitious Murdoch has been buying up television stations, hoping to create a fourth network to compete against CBS, NBC and ABC. He became an American citizen to qualify for ownership, but he knows that by FCC rule he cannot own a newspaper and a broadcast station in the same city, as he does in Boston and New York...
...clause when signing the bill into law. In Boston Murdoch chose to sell the station and keep the paper, where he can continue to taunt Teddy. But in New York City he needs the station as flagship of his new television network, so he must sell or close the Post. Bidders might covet the Post's real estate, but who other than Murdoch wants to run a paper that loses from $10 million to $17 million a year...
Murdoch loves success but disdains mere respectability. Having grown up in Australia's rough-and-tumble journalism, he feels more at home editing a "knockabout" paper (his description) like the New York Post. A canny student of popular prejudices, he plays to resentments and, like press barons of old, prides himself on an intuitive understanding of mass taste. He doesn't aspire to educate or elevate the public, being content to entertain and satisfy...
Perhaps in television he sees an opportunity to do so more profitably. Why has he been willing to accept the Post's heavy losses all these years? "For a position of influence," Murdoch said last week. Pause. "I hope for good." He acknowledges that he had long banked on being able to drive out the larger rival Daily News, which seems unlikely. Now he accepts that "you might get the Post scratchily in the black but never rich on it." Mid-March is his deadline to sell or fold the Post, unless he can get the Government order reversed. What...
Asia experts have long touted the advantages for the U.S. of opening a diplomatic post in Mongolia, the landlocked republic where 50,000 Soviet troops are stationed to guard the border with China. But the yet to be named U.S. ambassador will see that mountainous country only periodically. He will be posted in Washington, not in the Mongolian capital of Ulan Bator. It will mark the first time that a U.S. envoy has fulfilled his mission from a desk on C Street...