My Thread about News Corp: The Potential Fallout

Discussion in 'Media' started by California Girl, Jul 13, 2011.

  1. California Girl
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    California Girl BANNED

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    So, everyone seems very enthusiastic (and with good reason) to see Murdoch and his empire destroyed.

    I wondered what exactly the impact of destroying that empire would be. Firstly, we need to know what exactly this 'News Corp' is... what does it own, and where does it own it. So, here:

    Television:

    Networks: Fox, MyNetworkTV. In the United States, News Corp. owns 27 television stations.

    Cable: Fox Business Channel, Fox Movie Channel, Fox News Channel, Fox College Sports, Fox Regional Sports Networks (16 owned and operated), Fox Sports En Espanol, Fox Sports Net, Fox Soccer Channel, Fox Reality, Premier Media Group (Australia 50%), Premium Movie Partnership (Australia 20%), Cine Canal (Latin America 23%), Telecine (Latin America 13%), FUEL TV, FX, FX HD, National Geographic Channel (US 67% and Worldwide 52%), National Geographic Channel HD, SPEED Channel, SPEED HD, Big Ten Network & Big Ten Network HD (49%), Premier Media Group (Australia 50%).

    Production and Distribution Companies: Fox Television Studios, Fox Home Entertainment, 20th Century Fox Television, 20th Television, Regency Television (50%).

    Satellite Television: Fox International owns 120 channels around the world.

    Europe: SKY Italia includes Sky Sport, Sky Calcio, Sky Cinema, Sky TG 24, Premiere AG (25%). British Sky Broadcasting (39%) includes Sky News, Sky Sports, Sky Travel, Sky One, Sky Movies, Artsworld. News Corp. also owns Balkan News Corporation.

    Latin America:LAPTV (33%), Telecine (13%).

    Asia: STAR Channels, Space TV (India DBS 20%), Phoenix Satellite Television (18%), Hathway Cable and Datacom (22%), China Network Systems (17 affiliated cable systems), Vijay, Xing Kong Channel , ESPN Star Sports (50%), ANTV (20%), TATA Sky (20%).

    Australia & New Zealand: Sky Network Television Limited (44%), FOXTEL (25%).

    Programming: Fox Sports, Special Report with Brit Hume, Fox Report with Shepard Smith, On the Record With Greta Van Susteren, Fox News Sunday, The O’Reilly Factor, Fox Pan American Sports (38%).

    Publishing:

    Magazines: Barron’s, SmartMoney (50%), Big League, InsideOut, donna hay, News America Marketing (In-Store, FSI (SmartSource), SmartSource iGroup, News Marketing Canada), Alpha, The Weekly Standard, The Weekend Australian Magazine, sundaymagazine, body + soul, STM (WA), home, TVGuide, News Magazine (Australia).

    Newspapers:
    Australia/Asia: More than 150 titles including: The Wall Street Journal Asia, the Fiji Times, Daily Telegraph, Nai Lalakai, Shanti Dut, Gold Coast Bulletin, Herald Sun, Newsphotos, Newspix, Newstext, NT News, Papua New Guinea Post-Courier (63%), Sunday Herald Sun, Sunday Mail, Sunday Tasmanian, Sunday Times, Sunday Territorian, The Advertiser, The Australian, The Courier-Mail, The Mercury, News Limited, The Sunday Mail, The Sunday Telegraph, Weekly Times, The Weekend Australian, MX, Brisbane News, Northern Territory News, Cumberland (NSW), Leader (VIC), Quest (QLD), Messenger (SA), Community (WA), Darwin Sun/Palmerson Sun (NT).

    United Kingdom: Now defunct News of the World, The Sun, The Sunday Times, The Times, News International.

    United States: Newspaper holdings include the Wall Street Journal, the New York Post, MarketWatch and Dow Jones Newswire; News Corp. also acquired the Ottoway group of community newspapers through its takeover of Dow Jones in 2007.

    Books: HarperCollins Publishers.

    Film:

    Production and Distribution: Fox Film Entertainment: 20th Century Fox Film Corporation, Fox 2000 Pictures, 20th Century Fox Espanol, 20th Century Fox Home Entertainment, 20th Century Fox Licensing and Merchandising, 20th Century Fox International, Fox Atomic, Blue Sky Studios, Fox Searchlight Pictures, Fox Music, Fox Studios Australia, Fox Studios Baja (Latin America), Canal Fox (Latin America), Balaji Telefilms (26%, Asia), 20th Century Fox Animation.

    Online:

    Fox Interactive Media manages Fox’s online holdings, which include MySpace.com, Scout.com (a college sports site), ign.com (Internet gaming), Simply Hired (an online job search site), FoxSports.com, Fox News.com, Fox.com, Intermix, IGN.com, IGN.com.au, NYPost.com, MSN.Foxsports.com, WeeklyStandard.com, Broadsystem.com, NewsOptimus.co.uk, NewsOutdoor.com, RottenTomatoes, Fox.com, AmericanIdol.com, MarketWatch.com, Photobucket.com, Hulu.com (45%), jamster.com (51%), askmen.com, whatifsports.com, ksolo.com, springwidgets.com, flecktor.com milkround.com, nds.com, newsoutdoor.com, wsj.com, dowjones.com, barrons.com.

    News Corp. also owns News Digital Media (a group of Australian Web sites). Mobile Web sites include Fox Business and Fox News. Fox is also now offering a mobile entertainment package called Mobizzo on Cingular and T-Mobile phones.

    Other:

    Outdoor advertising: News Outdoor.

    Sports: National Rugby League.

    Europe: NDS (72%), News Outdoor Group.

    Misc.: Fox Sports Enterprises, National Advertising Partners, Media Support Services Limited (Russia), STATS LLC (50%).

    Source: Ownership Chart: The Big Six | Free Press


    Ok. So that's quite a substantial company. From there, what else would we need to consider:

    How many people would lose their jobs if News Corp was destoyed?
    How many supply chain jobs would be lost?
    How much revenue would be lost?
    How much tax money would be lost? (Bear in mind that each of their employees pays tax somewhere)
    How many countries would that affect?

    There are a few more questions, but I'm kind of hoping that people will think logically before running off at the mouth about destroying this 'evil' corporation. Think. Preferably critically, instead of partisanly.
     
  2. Synthaholic
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    Synthaholic Platinum Member

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    What makes you believe that these companies would disappear?
     
  3. California Girl
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    What makes you think they won't?

    If I'm gonna destroy an individual, I like to consider the blowback. We're in a recession. Newspapers are particularly vulnerable. Other media companies are struggling. Fox is not just Fox News. You bring down Fox News... fine.... what about the rest of the Fox Network? What about the potential losses there? I like rational thought over hysterical ranting.
     
  4. jodylee
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    jodylee Active Member

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    other companies will come in and replace or these companies will be sold either way no net loss to the economy infact the increased compition will be good for the economy, did you not notice the size oif that list does it not concern you?
     
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  5. Tanderson
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    Tanderson Rookie

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    Great thread!

    Good points.

    It all goes to what's failed in the past.

    When the yacht industry was demonized by the politicians, a lot of non-yacht owners were out of work. A lot of industries took a hit.

    When "big oil" is demonized, a lot of oil rigs stopped producing, and floating rigs floated off to other countries that had far fewer environmental rules. And, what we see are thousands of Americans out of work, gas prices spiking, and our importation of foreign oil from countries that hate us going up instead of down.

    Now it's the "corporate jet set" that's being demonized. There are many more thousand jobs at stake, along with an industry that's already being fought by our own government for wanting to be productive in a state where the dependable left-wing workers aren't predominant.

    In another forum, a rabidly anti-Murdoch poster was stating as if a fact that Murdoch pretty much orchestrated all the illegalities and immoral acts attributed, (if you go by evidence rendered,) to reporters who work for a company Murdoch oversees. Then, when the English paper, News of the World folded, he was ranting about how horrible Murdoch is for the loss of those newspaper jobs!

    It's pretty hard to debate with such people who can't take a moment to try to see whether personal opinion and hate have clouded their judgment. The poster is still on a bender over Murdoch, and has just joined, here. He hides behind the fact that he's supposedly in Australia, so that gives him a special interest and insight into Murdoch.

    I'm still going to wait for a jury to decide things, rather than depending on the people who shout the loudest, or shut out the truth.

    Thanks for making a couple more people think about the consequences to a mad mob mentality.

    T.
     
  6. Tanderson
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    Tanderson Rookie

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    That's true. But think about it.

    What happens where union contracts are voided? The returning new-hires are brought on for fewer dollars. They get fewer benefits.

    There is absolutely a demand for what Fox news, (for one,) puts out. As well as as many of the other businesses I might be aware of. So they will end up going on.

    But the people who work for them, producing what Americans, (just to temporarily ignore the foreigners, since I don't know their situations,) will be paid less, work harder, get less health or retirement benefits, and therefore be paying fewer taxes, and loading up the systems like Medicare at a higher rate than we've seen if things go on the way they are, with only real criminals being taken out of circulation, instead of entire businesses.

    T.
     
  7. Synthaholic
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    Synthaholic Platinum Member

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    Because Murdoch isn't an idiot, like you seem to think! He will sell whatever he has - not let it collapse and go away.

    You don't think there are companies who would LOVE to buy all of those holdings???
     
  8. jillian
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    jillian Princess Supporting Member

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    i don't think anyone has issue with his film holdings and sports holdings, etc. He should just be out of the propaganda business. And his "news" holdings should be supervised to make sure they actually learn journalistic standards.
     
  9. Synthaholic
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    If it was George Soros, she would be concerned!
     
  10. Mr. H.
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    Mr. H. Diamond Member

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    What's Up Murdoch only recently backed out of a $12 billion deal because of the flack.
     

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