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...Monash University media specialist Nick Economou says Murdoch and Packer appear to be members of a new breed of non-interventionist proprietors. "Both of them have struck me by their total lack of interest in wielding influence," he says. "They're not motivated by that stuff. They want money." Foxtel is the jewel in the CMH satchel. After losing $104 million in 2005, it turned a $62 million profit last year - and analysts forecast rapid growth as it increases its 29% penetration of Australian homes...

Author: /time Magazine | Title: Back in Business | 3/7/2008 | See Source »

...competition known as the Super League, Packer was trying to keep them loyal to the 90-year-old Australian Rugby League. (The parties eventually compromised.) In 2001, while Packer and Murdoch were executives in their fathers' companies, they jointly invested in One.Tel, a deal that cost both companies a total of about $500 million when the cut-price mobile-phone company collapsed. Packer encouraged Murdoch's involvement in One.Tel, and helping him now to take a slice of what was Packer property may be, some theorize, a way of repaying him. In that sense, at least, this latest project looks...

Author: /time Magazine | Title: Back in Business | 3/7/2008 | See Source »

...these days. Japan's universities have fallen on hard times, their reputations so dented that many ambitious students no longer consider them even as a last resort. Beset by international competition, hampered by outmoded curriculums and cloistered, change-resistant administrations, universities are seeing enrollment and tuition revenues decline. The total number of higher-ed students in Japan fell from 2.87 million in 2005 to 2.83 million last year, a loss of some 37,000, according to Japan's Education Ministry. Education experts say that nearly 40% of universities and colleges can't fill student quotas, forcing some schools to relax...

Author: /time Magazine | Title: Class Dismissed | 3/6/2008 | See Source »

...about growing up half--Native American in the gangland of South Central Los Angeles, was actually written by a white woman who grew up in the suburban San Fernando Valley. The author, Margaret Seltzer, was ratted out by her sister, who had seen her picture and story featured, with total credulity, in the Times's own House & Home section the previous week...

Author: /time Magazine | Title: An Old Story | 3/6/2008 | See Source »

Hillary Clinton's triple win on March 4 brings the total number of states that have voted to 36--and means the Democratic race could stretch into June. Can we handle this much democracy? Here's a look at primary end dates from the past...

Author: /time Magazine | Title: The Page | 3/6/2008 | See Source »

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