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Ear to the Ground

Murdoch Buys Another Trophy

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Posted on Apr 22, 2008
Murdoch
Flickr / indio

Australian-born billionaire Rupert Murdoch heads a global media empire.

Rupert Murdoch just can’t get enough of the New York newspaper scene. The News Corp. mogul, already in possession of the New York Post and The Wall Street Journal, has worked out a deal to buy Newsday for about half a billion dollars. That paper is currently owned by another salty media tyrant, Sam Zell.


Reuters via Sunday Morning Herald:

Under the terms of a deal, Newsday would be part of a joint venture with the New York Post and other News Corp assets, The Wall Street Journal reported.

News Corp would own most of the company and Tribune would keep less than 5 per cent.

Selling the paper would be key to the plans of Sam Zell, the Tribune chief executive and Chicago real estate magnate, to help slash debt at the company, which he took private in an $US8.2 billion buyout last year.

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By jleman, April 23, 2008 at 7:19 am Link to this comment

What’s the difference between what passes for news and propaganda in the global nation of humanity these days? It depends on who owns them and what that person(s) say it is. That is to say, don’t expect any modicum of truth to not be influenced by self need.
When does the need for more power, more control become satiated for this person? Until then, don’t expect anything he touches to have a bit of unvarnished truth. They become extensions of his mouth, or other orifices.
That a person could become so enamored of their own flatulence or gas bubbles in their brain speaks to the human condition and needs our sympathy.

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By Douglas Chalmers, April 23, 2008 at 12:26 am Link to this comment

Wendi Deng, the young Chinese second wife of Rupert Murdoch must be deeply ashamed since the media mashup of China’s reputation in the West by the Murdoch mogul and CNN in particular and especially with regard to the deliberately dishonest false reporting that went with the Richard Gere interview about the riots in Lhasa http://dengwendi.com/

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By DennisD, April 22, 2008 at 10:17 pm Link to this comment
(Unregistered commenter)

I guess the anti-trust law, like democracy, is ancient history in the U$$A.

Does anyone realistically expect to be informed by our media. The Fourth Estate desends to yet another new low.

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By TDoff, April 22, 2008 at 5:42 pm Link to this comment

Murdoch thinks he’s more powerful than most governments. Most of the businesses he buys own and/or operate printing presses. He never seems to run out of money, there seems to be no price he cannot or will not pay for whatever he wants.

Has any one put all this together and suspected he may be printing his own money, just as the US Treasury does when the government overspends, just generally f**ks-up, or wants a war it can’t afford?

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