Murdoch wants newspapers, just not The New York Times

February 6, 2009

Michael Wolff, author of the recently published Rupert Murdoch tell-all, “The Man Who Owns the News,” says that the News Corp chief executive would love to buy The New York Times. The only thing standing in his way is the Ochs-Sulzberger family which controls the Times. If they’re anything like the Bancrofts, former controllers of Dow Jones/Wall Street Journal, only an insane amount of money might persuade them to let go of the prized but struggling newspaper publisher.

Write this down: News Corp

February 2, 2009

News Corp is many things to many people. Its latest incarnation? Pinata.

Everyone is taking a whack at Rupert Murdoch’s international media empire these days as its stock languishes and it gets ready to report second-quarter financial results on Thursday. Newspaper advertising revenue is falling, the movie season hasn’t looked so hot so far, MySpace is unlikely to friend Facebook, the euro and the pound are hurting European operations, DVDs are dying and cable networks revenue doesn’t look like it will be able to compensate.

Newspapers: These are a few of my favorite playthings

January 22, 2009

The story of rich billionaires buying troubled newspapers is one that has been told before, but never with headlines that practically nod and wink at you like this one from the Financial Times:

Fox Business wants you on TV on Saturday

January 22, 2009

What are you doing Saturday? Nothing? Wrong! You’re going on the Fox Business Network and you’re going to ask them questions about your finances. Here are the relevant details from the press release:

Newspapers hock their bargain basements

December 23, 2008

Good newspaper reporters have a knack for timing. They spot trends and tell readers about them before anyone else does. Their publishers have a knack for timing too — the bad kind.

from Summit Notebook:

WSJ reporters get, dig change

December 4, 2008

We and the rest of the media world that covered News Corp and Rupert Murdoch's acquisition of Dow Jones & Co had no shortage of reporters at The Wall Street Journal telling us how bad life was going to get. Among the complaints was the paper's increasing focus on politics and non-business news. Wasn't this "diluting the brand" as they say in mediaspeak?

It’s Midway or the highway for Redstone

December 1, 2008

Sumner Redstone is selling low — way low. Here’s The Wall Street Journal with the news:

How I Wolff’d down the Murdoch book

November 28, 2008

After nearly setting off my tilt mechanism at Thanksgiving dinner by eating twice my weight in food, I spent the earlier part of Friday gorging on as much of Michael Wolff’s new Rupert Murdoch biography as I could. I read just enough to think of some questions for Wolff that wouldn’t come off as sounding too stupid, and then we got on the phone.

Hulu would love to expand — you know, sometime

November 17, 2008

Hulu is going global. Maybe.

The video website owned by News Corp and NBC Universal is apparently thinking of expanding to Britain, France, Germany and Japan. But don’t get too excited. Peter Smith, president of NBC Universal International, told a conference that while Hulu would love to push out its boundaries, there aren’t yet any concrete plans.

WSJ=Way Smarter Journalists

November 10, 2008

News Corp is realizing synergies, cross-promoting among its brands. Here’s the latest announcement: