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Murdoch's conundrum remains that his advertising-driven properties - news and broadcast TV - are in the dunny, as the Australian media baron might say, while the pay-for-content properties - movies and cable - are holding steady or growing. (His Internet assets, including MySpace, lost a third of their value. But to be fair, nobody has figured out how to make money from social networking yet.) So why not, he figures, get paid for all the content...
Internet experts say that almost everybody who has ever tried charging for content has failed. Murdoch is out of touch, they suggest. Michael Wolff, whose book on Murdoch, The Man Who Owns the News, came out in December, says he was shocked to learn that Murdoch didn't have an e-mail address, could barely use his cell phone and had not been on the Internet unaided. "Technology," writes Wolff, "has always been regarded as one of those things, like fancy hotels, or long-form writing, that are not part of [News Corp.'s] culture...
Bernfeld notes that DiPascali appeared in response to a criminal-information hearing rather than to a grand-jury indictment. This usually means the person has taken a plea and is cooperating with prosecutors to get leniency in sentencing, he says. "Is he going to take down the remaining house of cards? I can't say that, but I would think he could be a significant player in the mosaic," says Bernfeld...
...Doctors say they are encouraged by the findings, since hip and spine fractures are among the leading causes of health problems in the elderly. Each year, more than 300,000 Americans over age 65 suffer hip fractures, mostly due to falls, and 15% to 20% die within a year of their injury because of complications from infection or blood clots. While current drug treatments for osteoporosis slow down the destruction of existing bone, the new data suggest that denosumab may be more effective in promoting bone density. In addition, the studies show that denosumab did not cause the serious side...
...40am: The guys are uncertain about my ability to ingest yet another drink, but I assure them that my liver can handle a final shot. They order rakia, a mildly sweet regional liquor that tastes to me like fruit-flavored rubbing alcohol. We say cheers, turn up our wrists, and down the concoction, but I only make it halfway through before determining that my liver has, in fact, had enough for tonight...