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  • endless takeovers

    Rupert Murdoch Hits The Beach

    By balk, 9:44 AM on Tue Jun 19 2007, 560 views (Edit, to draft, Top, Slurp)

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    The Guardian says that shareholders are unlikely to get behind consumer publisher and Financial Times owner Pearson's attempt to block Rupert Murdoch's takeover of Dow Jones, since the company "has debts of over £1bn and has made a number of large purchases in the educational publishing sector over recent years." Financial Times staffers are also unhappy, WSJwith good reason: "The easiest way to meet the cost-savings goals would be for the newspapers to cut their biggest expense—journalists." But is Rupert showing the strain of all this wheeling and dealing and potential sabotage?

    [Image: Splash]

    More about Rupert Murdoch

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    Murdoch Tabloid Spied on Editor of Other Murdoch Tabloid

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    Scandals

    What Did Les Hinton Know About the News Corp. Wiretapping, and When Did He Know It?

    The wiretapping scandal rocking Rupert Murdoch's British newspaper holdings is getting bad enough that Rupert is ducking questions from his own Fox Business reporters. More »
    newspaper wars

    Rupert Murdoch's UK Papers in Huge Phone Hacking Scandal

    British authorities are launching an investigation into allegations that Rupert Murdoch's UK newspapers paid more than $1.5 million in hush money to try to cover up the fact that they were illegally hacking into cell phones in pursuit of stories. Whoa. More »

    Read More: endless takeovers, Rupert Murdoch, Dow Jones, financial times, g.e., Pearson
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