Rupert Murdoch May Be Loving His Newspapers to Death
What’s News Corp. suffering from more in these dire financial times? Rupe’s bad timing or misplaced priorities? An article in today’s Times quotes a media analyst as saying “The thing I hear from investors is that they wish News Corp. was everything but newspapers.” Except Rupe loves his papers! Maybe a little too much.
Certainly the News Corp. purchase of the Dow Jones just prior to start of the recession last year couldn’t have come at a worse time, but the article also suggests Rupe’s love of newspapers themselves may be hurting the company.
Mr.
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