Posts Tagged: Rupert Murdoch
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The Inevitability of Space, Time, and Acquisitions

"While the talks between the two companies have thus far been considered friendly, people involved in the discussions said that Mr. Murdoch is determined to buy Time Warner and is unlikely to walk away." — The experience of truly cheating Death comes with an awareness, a soft, white noise that never quite recedes wholly into the background, that one has not acquired a permanent injunction barring further contact, but merely extracted a non-binding promise—an intimation, really—that while the evasion was fair play, the momentary lapse will be remedied in the fullness of time, the enabling loophole closed, completely and utterly. So Death circles, endlessly, the curve unbroken.

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Thought for the Day

Exceptalism or decline.That is the choice. Maybe too late but can we gather forces to return social cohesion?Close the divide.

— Rupert Murdoch(@rupertmurdoch) February 9, 2012

Yeah, this is not a good look for anyone.

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Murdoch Hearing Suspended Due to Attack

Cameras cut off immediately at the Murdoch hearing as people in the room yelled—from what we could see, it looks like someone charged Rupert Murdoch from the audience. More as everyone figures out what the heck just happened. According to Josh Robin, who just rewound the tape: "Just looked at feed again – Rupert Murdoch was approached and seemingly attacked but does not appear to have been knocked down." THIS MAY HAVE BEEN A PIE ATTACK. Also: "Murdoch attacker taken out of the room in hand-cuffs," says Sky News. Apparently Wendi Deng got a swing in at the person? "Rupert Murdoch was pelted with a white substance [...]

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Murdoch Favorite Finally Jettisoned

Continuing developments in Britain's phone hacking scandal: "Rebekah Brooks, the News International chief executive, has resigned after 11 days of mounting political pressure over the phone-hacking scandal. Brooks announced her decision to News International staff in Wapping just before 10am on Friday, saying her resignation had been accepted by Rupert and James Murdoch. She said she no longer wanted to be a 'focal point of the debate' surrounding the company's future and reputation. She stopped short of issuing a personal apology."

In related news: "In response to requests from members of Congress and to at least one news report, the Federal Bureau of Investigation in New York opened [...]

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Murdoch's Brilliant International Tax Game

"News Corp. has 152 subsidiaries in tax havens, including 62 in the British Virgin Islands and 33 in the Caymans. Among the hundred largest U.S. companies, only Citigroup and Morgan Stanley have more tax haven subsidiaries than News Corp." —Old Man Murdoch is no dummy. And this comes from the same legal department that engineered the shutdown of News of the World, so you know they know exactly what they're doing there too. This is, in part, why it was always hilarious when people used to make fun of Murdoch's New York Post for being unprofitable. That's part of the plan! Any good media company, from News Corp. to [...]

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At News Corp., Fox Is the Loser — Not Newspapers!

Lest we forget just how immense Rupert Murdoch's News Corp. is: "The company ended the quarter with $8.2 bn cash, up from $7.3 bn sequentially, and $13.5 bn debt, down from $15.3 bn sequentially." Yowza! That's from the new Goldman Sachs analyst paper on the giant. The cable networks are growing-and various newspaper wings are up significantly over last year-but it's Fox that's struggling.

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What Racist Thing Did Obama Say?

So the space-filling controversy of this week is whether or not Rupert Murdoch thinks the President is a racist. Asked in an interview about Glenn Beck's contention that Obama hates whitey, the News Corp. chair said that Obama "did make a very racist comment about blacks and whites and so on, which he said in his campaign he would be completely above. And that was something which perhaps shouldn't have been said about the President, but if you actually assess what he was talking about, [Beck] was right." Here's my question: What exactly was the "very racist comment" Obama made? Cursory Googling is no help, and if [...]

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The Unavoidable Louise Mensch

A series dedicated to explaining Britain's manufactured celebrities to an American audience.

As has long been accepted by all right-thinking individuals, chick lit is to blame for modern society's cruelest scourges, from the re-entrenchment of patriarchal attitudes to the rise of the $15 cocktail to my exhaustive familiarity with Jennifer Weiner's opinions. Yet in our beleaguerment, we might have overlooked an even direr side-effect of those pastel-colored volumes, one that throws into disarray the very laws of existence.

I'm afraid there's no easy way to say this, but it appears that chick lit plots are escaping from the confines of their pages and becoming real, like some dystopian [...]

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'The Daily' Is 'On Target' to 'Break Even' in 'Five Years'

Here's today's fascinating and maybe really unlikely media assertion from the Times: "A $30 million tablet-only news publication… with 100,000 subscribers paying 99 cents a week or $39.99 a year, and 250,000 unique readers each month, The Daily is on target to break even in five years."

Hooray! They made it! Just five short years to breaking even. Well, it… could be.

"News Corp. has spent $30 million on development (which has been 'written off') of The Daily and current costs are less than $500,000 per week," according to Folio, a year ago. Okay, so maybe if you attributed the original $30 million to News Corp. itself [...]

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Wendi Deng's Five Best Enraged Expressions

Wendi Deng: HOLD MY HOOPS. Don't you wish she was testifying instead, instead of Rupert Murdoch or poor, poor dim James? OH WENDI.

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Family Completely Unaware That Man Who Gave Them Ton Of Money Was Not Completely Reputable

"A number of key members of the family which controlled The Wall Street Journal say they would not have agreed to sell the prestigious daily to Rupert Murdoch if they had been aware of News International's conduct in the phone-hacking scandal at the time of the deal."

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More Phone Hacking Fallout

Here is a pretty blistering essay on Britain's phone hacking scandal, which, with each new horrific revelation, is causing ever more damage to Rupert Murdoch.

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'NY Post' Harbors a Foul Cesspool of Sick Un-American Wackjobs

Col Allan and his friends at the New York Post despise America and also human life, as evidenced by the comments on this story about the mysterious death of a New Yorker, who was class of '05 at NYU. Why Rupert Murdoch would want to host this kind of vulgarity on the Internet, which could easily be prevented with about $38,000 a year in the form of a comments moderator staff position, is pretty unfathomable, particularly when the paper considers itself a moral crusader. I mean, even the Gawker comments are sort of respectful and empathetic! What a world.

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'News Of The World' Wants Your Phone

It's Day Two of the News of the World phone-hacking scandal. While the Metropolitan Police have declined to open a criminal inquiry, prosecutors are reviewing files from the previous case against the paper. As celebrities whose privacy was invaded line up to sue, the Labour party is chortling with glee that there's finally a big news event that doesn't center around the government's incompetence. The Guardian, which broke the story, is again all over it, even going so far as to grade the coverage. Meanwhile, the News of the World itself is prominently displaying this promotion. It's for the environment!

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Man Bad

"Rupert Murdoch is 'not a fit person' to exercise stewardship of a major international company, a committee of MPs has concluded, in a report highly critical of the mogul and his son James's role in the News of the World phone-hacking affair." —Get out!

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Twitter Ramblings Verified

While Obama feeling courageous, why not follow his first class education policy. US' absolute biggest crisis. No read, no write, no jobs.

— Rupert Murdoch(@rupertmurdoch) January 3, 2012

So, well… this is not a parody account. Who would have guessed?

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Who Will Rupert Murdoch Destroy Today? (Himself?)

The Internet will explode quite soon, as Rupert Murdoch, James Murdoch and Rebekah Brooks all go before a Parliament committee's inquiry this morning, circa 9:30 a.m. east coast time. It's a hearing almost two years in the making! ("So, yeah, this is gonna be a pretty big story," we wrote in July of 2009!) That being said, the committee is not as toothsome as an American congressional hearing would be, which isn't even all that toothsome anyway. Still, people expect Murdoch to come in hot, throwing anyone to the wolves that he can. Perhaps he might resign as CEO! Meanwhile, while we wait, let's look at some [...]

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Will Rupert Murdoch Sell Off His British Papers?

The British phone hacking scandal continues to amaze. Amid speculation that Rupert Murdoch's News Corp. will sell off his remaining Knifecrime Island newspapers (first reported in the Murdoch-owned Wall Street Journal), the company has dropped its bid for the parts of British Sky Broadcasting that it doesn't already own. Plus there is a whole bunch of other stuff going on. The best coverage, as always, can be found in the Guardian.

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Murdoch's iPad Paper: At Least the Weather Looks Bananas!

Here are some (further) thoughts on Rupert Murdoch's forthcoming iPad publication, and these thoughts summarize the situation as: "Why is half the city rooting for its demise, and the other half greeting its arrival like the second coming?" Okay, everyone step outside the bubble! You know the New York Post has an average circulation of about half a million, right? So I would maybe rephrase this as "1/2 of the City doesn't actually read publications in English, and anyway 7/8ths of the City doesn't care at all, although 1/16th of the City is rooting for Murdoch's demise, and the other 1/16th is all 'Yay Murdoch, let me [...]

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Mr. Murdoch Takes A Walk

"I was really surprised when my customer told me it was Mr Murdoch. He seemed like such a nice man." -London newsagent Daxa Solanki, whose shop was visited earlier this year by News Corp chairman Rupert Murdoch. Murdoch toured several different newsstands because he "wanted to know what was happening on the ground."