Rupert Murdoch, a man who already had altogether too much media power has just brought the Dow Jones and The Wall Street Journal for 5 BILLION dollars. This could def be a bad thing since Murdoch's News Corp owns the Faux News Channel, many are guessing that The Wall Street Journal will become the first major conservative newspaper around. Im def all for creating and increasing your empire as long as you dont fuck it up or get too greedy. Mr.Murdoch tho has a long history of bending his journalism to political power in order to incur government, personal and regulatory favor.
On the other hand Murdoch does have the money to invest into the paper to actually make the paper greater. Nowadays with so many CEO's concerned about rising quarterly profit margins. Murdoch is "an owner who has a vision of a print-Web future that can sustain the expensive business of journalism and who is willing to lose some money in order to get across the dark valley to that bright mountain". I got that quote from Mike Hoyt a reporter for the HuffingtonPost.com, I def can not take credit for being that original lol.
In the end I wish Mr. Murdoch well, he's a business man a very successful one at that not only with his latest purchases but also with word of the development of the Fox News Business Channel. A venture to Im sure go after CNBC's audience. The only problem I have with big business is the Walmart effect, where one company/person/persons own the large portion of a particular market and Mr. Murdoch is setting himself to be the king of all Media.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment