Word: rupert
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...RAGE. For 16 years the dueling scandal sheets brought blood-and-guts drama to U.S. supermarket checkout counters. But the publishing pugilism came to an end last week when the owner of the National Enquirer, New York City-based G.P. Group, agreed to buy the Star from media mogul Rupert Murdoch for $400 million...
...cumbersome to win much popularity except in rural areas that lack cable TV. But last week four communications companies disclosed plans for a $1 billion satellite service that could transform American viewing habits when it becomes available in 1993. The four partners -- NBC, Cablevision Systems, Hughes Communications and Rupert Murdoch's News Corp. -- said their Sky Cable service will beam 108 channels to homes equipped with a 12-in. by 18-in. rectangular dish that will cost about $300. Users of the new system, which could carry high-definition TV signals and digital-quality sound, will pay a monthly...
...million) apologized in print for a story alleging that drunken Liverpool soccer fans had "viciously attacked" rescue workers after 95 fans were crushed to death at a crowded soccer stadium in Sheffield. The wildly exaggerated story spurred a boycott of the paper in Liverpool. The Sun, owned by Rupert Murdoch, was already reeling from a $1.8 million out-of-court settlement with rock star Elton John after falsely accusing him of using the services of a male prostitute...
...Communications last July, the merged company agreed last week to shed a subsidiary that had turned out to be a disappointing performer. Time Warner said it will sell its Illinois-based textbook publishing unit, Scott, Foresman, for $455 million to Harper & Row Publishers, which is owned by media baron Rupert Murdoch's News Corp. When it bought Scott, Foresman in 1986, Time paid $520 million and assumed $50 million in debt. Time Warner's losses on the Scott, Foresman investment will total $175 million, which will be written off in the fourth quarter...
Peterson and Morita have a point. When Australian Rupert Murdoch was taking substantial control of major American media properties (including Metromedia Inc. and 20th Century Fox), little was written about the dangers of media manipulation from Down Under. Reportage focused less on the fact that the predator was Australian (Murdoch has since acquired American citizenship) than that he was Murdoch. Nor did warnings sound when Canada's Thomson Newspapers acquired more than 100 papers...