The Ever Expanding Murdoch Empire

Discussion in 'Current Events' started by Superlative, May 3, 2007.

  1. Superlative
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    Superlative Senior Member

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    Wall Street Journal Weighs Life Under Murdoch

    Rupert Murdoch has spent years thinking about what he would do with The Wall Street Journal if he could just get his hands on it. Based on his business history, he often gets what he wants.

    But Mr. Murdoch, the media baron who runs the News Corporation, may need a little more of his trademark patience to win The Journal’s parent company, Dow Jones & Company.

    Yesterday, the company’s board announced that it was taking no action on Mr. Murdoch’s surprise $5 billion bid because members of the controlling Bancroft family holding 52 percent of the company’s votes oppose it.

    Mr. Murdoch’s determination to buy Dow Jones is not expected to be deflected by the news, according to an adviser who did not want to be identified because he was not authorized to speak for Mr. Murdoch. The News Corporation declined to comment.

    The question for Bancroft family members, journalists and competitors would be, if he eventually prevails: What sort of owner would Mr. Murdoch be for the world’s leading financial newspaper? A look at the five decades he has spent buying, running and selling newspapers suggests two things.

    First, Mr. Murdoch does not mind losing money in the short term to satisfy his competitive goals. And despite overseeing a globe-spanning media conglomerate worth $67 billion, he still considers himself foremost a newspaperman and has an editor’s eye for what goes into print.

    In some cases over the years, Mr. Murdoch was known for calling in tips or tinkering with headlines, particularly at the tabloid newspapers he has owned. In 2004, Mr. Murdoch was even said by one New York Post employee to be the source for The Post’s erroneous headline “Dem Picks Gephardt as VP Candidate,” although The Post’s editor denied that was the case.

    Mr. Murdoch’s notoriety as the force behind the politically barbed Fox News Channel, the racy Sun in London and the populist Post precedes him and is part of the reason for the opposition against him among the Bancroft family and some Journal employees.

    Perhaps to soften that image, Mr. Murdoch has portrayed himself in letters to the Bancroft family as a fellow owner of a family business who would be a steward for the newspaper and maintain its independence.

    “We have a history of long stewardship of great newspapers,” Mr. Murdoch wrote in a letter to the family last week, referring specifically to The Times of London, The Sunday Times and The Australian. “I always see my role as supporting the editors and publishers of these newspapers. We think we would be the ideal partner to grow and expand your company, as well as protect such a vital public trust.”

    Several current and former associates said that despite some high-profile episodes over the years, Mr. Murdoch today does take a less active role in day-to-day coverage, particularly of the higher-end newspapers he owns.

    Robert Thomson, the editor of The Times of London since 2002, said that Mr. Murdoch had never called him to criticize or order up a particular story.

    “We have never talked about that day’s paper or the next day’s paper,” he said, ”never discussed a story in any way that I would interpret as being an attempt to exercise influence over news coverage.”

    Mr. Murdoch said in an interview last week that he did not dictate, for example, which candidates each newspaper should endorse in a political campaign. In the last British election, for example, The Times supported the re-election of Tony Blair of the Labor Party, while The Sunday Times backed his Conservative rival.

    Mr. Thomson said that The Times had a strict separation between news and commentary — which is something that The Wall Street Journal and most United States newspapers hold sacrosanct, but not all of Mr. Murdoch’s papers, particularly his tabloids, have adhered to.

    And certainly some of Mr. Murdoch’s earlier clashes with editors are the stuff of lore. After the Murdoch purchase of The Times in 1981, Harold Evans, then the paper’s editor, felt that Mr. Murdoch pressured him toward showing more favor toward Prime Minister Margaret Thatcher in the newspaper.

    In his memoir, “Good Times, Bad Times,” Mr. Evans wrote that Mr. Murdoch did not suggest specific editorial views. Rather, he made his feelings known “by jabbing a finger at headlines which he thought could have been more supportive of Mrs. Thatcher.”

    In 1983, Mr. Murdoch caused a stir when he personally secured the publishing rights to what were said to be Hitler’s diaries, only to learn subsequently that they were fakes after publishing them in The Sunday Times.

    “I think he’s learned quite a lot of lessons from The Times and The Sunday Times,” said Andrew F. Neil, a former editor of the latter paper for Mr. Murdoch, who is now a television interviewer and magazine executive in Britain. “He gives his quality newspaper editors a freer hand,” Mr. Neil said. “He’s much more hands-on with his tabloids. If you want to know what Rupert’s thinking, read The Post.”.................

    http://www.nytimes.com/2007/05/03/business/media/03murdoch.html




    How long until he owns everything?
     
  2. Diuretic
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    Diuretic Permanently confused

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    Don't under-estimate him, he's a driven man. He began the media empire that is now News Ltd right here in my home city. He turned a small circulation, tabloid afternoon newspaper into the media empire it is today. It was only a year or so ago that he moved News Ltd to Delaware. Prior to that he would dutifully fly back here from the States to run the annual general meeting of News Ltd. I have to say I don't like his acquisitiveness, it's dangerous for democracy but as far as his drive and business intelligence is concerned, he's right up there.

    He won't stop until he's carked it and as long as he's alive he will keep trying to get everything.
     
  3. actsnoblemartin
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    actsnoblemartin I love Andrea & April

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    Dont question me or I will buy you

    Sincerely

    Rupert Murdoch :badgrin:

     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    More power to him if he can do it.
     
  5. Diuretic
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    Diuretic Permanently confused

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    He'll buy as much as he can. I have yet to work out if it's about money or if it's simply about power and the ability to control all media. I sometimes think Murdoch would buy the whole internet if he could :badgrin:

    But he's no idiot, no way in the world, he's a very clever man, very clever. He was an early identifier of the potential power of the internet and chided our government in Australia for being slow in that realisation.
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    And if he can through his skills and resources do so, more power to him. We should all try to be the best we can at what we do.
     
  7. Diuretic
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    Diuretic Permanently confused

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    We should live up to our potential, yes, definitely. But is it good for society to have too much ownership of media concentrated in the one proprietor?

    Anyway I just listened to a BBC World Service Business Review discussion on this very topic, it's here - http://www.bbc.co.uk/worldservice/programmes/world_business_review.shtml - and worth a listen if you have an interest in this specific issue.
     
  8. red states rule
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    red states rule Senior Member

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    So what is Murdoch buys the WSJ

    The libs will still have ABC, NBC, CBS, PBS, TBS, NPR, CNN, BBC, HBO, HSN, MTV, VH1, Showtime, Gore TV, Reuters, The Associated Press, Time Magazine, Newsweek, The New Republic, the Nation, The New Yorker, the Harvard Perspective, High Times, The New York Times, The Los Angeles Times, The Seattle Times, The Seattle Post-Intelligencer, Seattle Weekly, The Boston Globe, The Village Voice, The San Francisco Chronicle, The San Francisco Examiner, USA Today, The Washington Post, Atlanta Journal Constitution, Arizona Daily Star, The Anniston Star , The Decatur Daily, Montgomery Advertiser, The Tuscaloosa News, Anchorage Daily News Arkansas Time, Tuscon Daily Star, The Alameda Times-Star, Contra Costa Times, The Los Angeles Daily News, The Fresno Bee, Marin Independent Journal, Merced Sun-Star, The Modesto Bee, The Monterey County Herald, The Oakland Tribune, La Opinion, The Santa Rose Press Democrat, The Sacramento Bee, San Jose Mercury News, San Mateo County Times, Santa Cruz Sentinel, The Valejo Times-Herald, The Eureka Times Standard, The Ventura County Star, Aspen Daily News, The Boulder Daily Camera, Durango Herald, Fort Collins Coloradoan, Greeley Daily Tribune, The Stamford Advocate, The Wilmington News Journal, Bradenton Herald, Daytona Beach News-Journal, Florida Today, The Gainesville Sun, The Miami Herald, Orlando Sentinel, The Palm Beach Post, St Petersburg Times, Sarasota Herald-Tribune, South Florida Sun-Sentinel, Treasure Coast News/Press-Tribune, Atlanta Journal-Constitution, The Macon Telegraph, The Honolulu Advertiser, Honolulu Star-Bulletin, Bonner County Daily Bee, The Idaho Statesman, Chicago Defender, Chicago Sun-Times, Edwardsville Intelligencer,Rockford Register, Lafayatte Journal and Courier, The Des Moines Register, Iowa City Press-Citizen, Quad City Times, The Storm Lake Tribune, The Hutchinson News, Lexington Herald-Leader, The Louisville Courier-Journal, Teen Lexington Herald-Leader, Owensboro Messenger-Inquirer, The Shreveport Times, Bangor Daily News. the Kennebec Journal, Portland Press Herald, The Baltimore Sun, The Berkshire Eagle, The Framingham MetroWest Daily News, Milford Daily News. The Springfield Republican, The New Bedford Standard-Times, the Worcester Telegram & Gazette, The Argus-Press, The Bay City Times, The Battle Creek Enquirer, the Detroit Free Press, The Flint Journal, the Lansing State Journal, Livingston County Daily Press & Argus, The Muskegon Chronicle, Parasites Weekly, Petoskey News-Review, The Saginaw News, the Port Huron Times Herald, Traverse City Record-Eagle, Duluth News Tribune, The Mankato Free Press, St. Cloud Times, the Columbia Daily Tribune, The Kansas City Star, St. Louis American, St. Louis Post-Dispatch, Springfield News-Leader, Billings Gazette, Las Vegas Mercury, the Las Vegas Sun, the Las Vegas Review-Journal, the Nevada Appeal, the Reno Gazette-Journal, the Concord Monitor, The Keene Sentinel, the Portsmouth Herald, The Nashua Telegraph, the Lebanon-Hanover Valley News, The Bergen Record, the Burlington County Times, the Bridgewater Courier News, the Camden Courier-Post, The Vineland Daily Journal, the Parsippany Daily Record, The Jersey Journal, The Gloucester County Times, The Hackensack Record, the Newark Star-Ledger The Trenton Times, the Albuquerque Tribune, The Santa Fe New Mexican, The Buffalo News: “News for Discerning Buffalo”, the Oneonta Daily Star, The Ithaca Journal The White Plains Journal-News, The Corning Leader, Newsday, The Glen Falls Post-Star, the Rochester Democrat and Chronicle, the Elmira Star-Gazette, the Staten Island Advance, the Albany Times-Union, Willie the Wino’s Grand Central Station Restroom Scribblings, the Asheville Citizen Times, The Charlotte Observer, the Elizabeth City Daily Advance, The Greenville Daily Reflector, The Raleigh News & Observer, the Greensboro News & Record, The Southern Pines Pilot, the Wilimgton Star-News, The Bismarck Tribune, the Grand Forks Herald, the Akron Beacon Journal, The Toledo Blade, the Dayton Daily News, the Zanesville Times Recorder, The Daily Astorian, the East Oregonian, the Medford Mail Tribune, the Portland Oregonian, The Eugene Register-Guard, the Salem Statesman Journal, The Coos Bay World, The Beaver County Times, The Bucks County Courier Times, the Wilkes-Barre
    Citizen's Voice, The Doylestown Intelligencer, the Uniontown Herald-Standard, The Allentown Morning Call, the Washington Observer-Reporter, The Philadelphia Daily News, The Philadelphia Inquirer, the Pittsburgh Post-Gazette, the Wilkes-Barre Times Leader, the Anderson Independent-Mail, The Myrtle Beach Sun News, The Memphis Commercial-Appeal, The Jackson Sun, Nashville Scene, The Tennessean, The Berkeley Daily Planet, Berkeley Voice, The Berkeleyan, ¡Berkemundo!, The Baytown Sun (11,374), the Corpus Christi Caller-Times, the Lone Star Iconoclast, the Longview News-Journal, The Lufkin Daily News, the Waco Tribune-Herald, the Bennington Banner, the Brattleboro Reformer, The Burlington Free Press, the Rutland Herald, The Barre-Montpelier Times Argus, the Newport Daily Press, The Roanoke Times, The Virginian-Pilot, The Everett, The Olympian, The Tacoma News Tribune, The Bremerton Sun, the Tri-City Herald, the Walla Walla Union-Bulletin, the Boston Phoenix, the Charleston Gazette, the Huntington Herald-Dispatch, Howard Stern, the Madison Capital Times, The Green Bay News-Chronicle, the Racine Journal Times, the Kenosha News, the La Crosse Tribune, the Milwaukee Journal Sentinel, The Sheboygan Press, The Wausau Daily Herald, The Guardian, The Independent, the Paris Daily Snivel, Der Spiegel, Democracy Now. The Huffington Post, The Progressive Review, Alternet, Dissident Voice, AntiWar.com, Common Dreams, Truthout.org, MoveOn.org, TomPaine.com, Counterpunch, The People’s Kool-Aid, BlameBush!, Mother Jones, High Times, The Progressive, New Internationalist, Multinational Monitor, Covert Action Quarterly, The American Prospect, Dollars and Sense, The Progressive Populist, The Weekly Standard, New Left Review, Pacifica Radio, Progressive Mind, Fairness and Accuracy in Reporting, YouTube, Marvel Comics, The Weekly World News, Indymedia, DailyKos, Wonkette, DemocraticUnderground, The Prairie Home Companion, Coast to Coast with George Noory, Pravda, Granma, and Al Jazeera.
     
  9. Diuretic
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    Diuretic Permanently confused

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  10. Superlative
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    Superlative Senior Member

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    Where did you find all those?

    some Conservative website ?

    Cause I know you didnt research to find those yourself.

    Parrot.
     

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