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...News Rating: [Two Khomeinis] Would you expect anything less from Fox and Rupert Murdoch? No mention of Clinton, no mention of Whitewater, just sex and scandal, baby. This could be a promo for Dawson's Creek, if that show weren...
None of this money would have been forthcoming had it not been for that gridiron great (at least in the eyes of NFL owners) Rupert Murdoch. The Australian-born boss of News Corp. has reordered the economics of sports. Murdoch views sports not as mere programming but as the foundation for establishing entire television (Fox) and satellite (British Sky Broadcasting) networks. From this perspective, it makes sense to pay more for the NFL than you can get back in advertising revenues. Murdoch fired that thunderbolt in 1994, paying $1.58 billion for the NFC package, 49% more than CBS had been...
...RUPERT MURDOCH Four years ago, people said he paid too much. Now it's peanuts...
Will Fox Catch the Peacock? (FBR) -- With the loss of "Seinfeld" and possible defection of "ER," NBC's Thursday night flagship is looking decidedly leaky. The FORTUNE Business Report says today that the hot tip to replace NBC as the No. 1 network is Rupert Murdoch...
...specter of a sell-off of the division or some broader restructuring has moved Dow Jones stock to its highest price since 1987; last Friday it closed at $54. Several Dow Jones insiders noted Rupert Murdoch's recent visit to Dow Jones headquarters for a meeting with Kann, and both Microsoft's Bill Gates and Buffett have privately expressed interest in the company, believing the Journal and Dow Jones brands are all underleveraged assets. Jettisoning one weak division may not be a panacea. The company will probably take an estimated $800 million write-off. And strategically it will become weaker...