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News Corp.

Ha-Ha!

Murdoch Loses Newsday Bid

"News Corporation, the global media conglomerate controlled by Rupert Murdoch, is withdrawing its bid to purchase Newsday. The withdrawal of the bid was first reported on the Web site of The Wall Street Journal, which is owned by the News Corporation.The bid withdrawal appears to be a reversal from Wednesday, when in the News Corporation’s earnings conference call Mr. Murdoch voiced skepticism that Cablevision could succeed in its bid for Newsday, even as he vowed not to get into a bidding war for the newspaper, which was at the center of a tussle among three New York moguls." More »

Hypocrite Bastards

Fox Newser Fired for Stating the Obvious

If you're a talking head with no background in journalism to speak of and you work at News Corp.'s Fox News Channel, by all means feel free to lie your silly ass off about anyone who disagrees with you all while glibly maintaining that you have no strong ties to the Republican party. If you're a young production assistant at that depraved stinkhole, do not reveal in passing that you voted Republican. Because the pricks you work for will fire you. More »

monsters

50-Cent Post Part Of Murdoch's Nightmare Scheme

Ruthless press baron Rupert Murdoch has concocted two diabolical schemes to ruin the lives of New York tabloid readers and owners forever. First scheme: Murdoch will raise the price of his New York Post — NO! — to fifty cents, with the extra quarter going directly into a special fund for the eradication of all remaining integrity and decency in American media, starting with the Wall Street Journal, which Murdoch has not yet finished burning to the ground forever. Ha ha, just kidding, the extra quarter will just offset the Post's estimated $50 million per year losses, and you will pay it, because it's not like you can just read Page Six on the internet or something. Scheme the second: is classified. This is a secret scheme. But: More »

journalismism

OMG, I Was Totally On The Uma Thurman Jury, Says WSJ Reporter

There are so many possible stories for the front page of a national business newspaper this morning. The new Democratic primary votes, for example, or the UBS banker detained amid a tax evasion investigation, or the multi-billion-dollar loss at home loan giant Fannie Mae. And The Wall Street Journal made room for some of that today, but it also decided its cover wouldn't be complete without a first-person account of the trial of Uma Thurman's stalker. Reporter Emily Steel was lucky enough to be allowed on the jury in the movie star's case, and as you read her story, you can just see Rupert Murdoch, head of Journal owner News Corp. and frequent presence at the newspaper, rubbing his hands together in glee, his taste for the sensational and drive to broaden the WSJ beyond business both satisfied. More »

Newsday Slipping From Murdoch's Clutches "Cablevision is preparing a $650 million offer for Newsday, $70 million more than bids by Rupert Murdoch and Mortimer B. Zuckerman... Executives... interested in Newsday said they learned over the last month that printing, trucking and subscription operations were more troubled and inefficient than they knew. Paradoxically, that has persuaded them that the paper was worth more... 'These are problems that can be fixed, so there’s a lot of room for improvement,' one executive said." [Times]

Rupert Murdoch Needs Many FCC Favors Assuming he has his way with Newsday, the News Corp. chairman will soon have THREE waiver requests pending with the FCC on new cross-ownership rules. "The architect of the rule, Kevin J. Martin, the chairman of the commission, has made clear that there is a strong presumption against granting waivers... It is unclear whether Mr. Martin will still be running the commission when it decides how to proceed. The agency might not complete its review of the renewal of the broadcast licenses and waiver requests before next year, and many officials expect Mr. Martin to leave the agency after the arrival of a new president in January." [Times]

Poor Rupert Murdoch's Free Speech Repressed All he did was maybe help try to overthrow the government of ex-Soviet republic Georgia, and they took his broadcast rights away. "Georgia’s pro-Western authorities have steered clear of publicly suggesting that Rupert Murdoch, the chairman and chief executive of the News Corporation, had any role in the coup plot, but have contacted him about the closing of Imedi." [Times]

faustian bargains

In Melville, Everything's Going To Zell

What a world: Rupert Murdoch has become the lesser of two evils. Newsday reporters are hoping that he will buy the Long Island tabloid from Sam Zell, the Tribune owner who is looking to unload it. Really? Despite his delightful sense of humor, since Zell took over the Tribune Co., the Newsday staff has dubbed their Melville headquarters "Hellville." Ha. "Hell" rhymes with "Mel." I've been to Melville, and it's just like every other suburban town: more of a purgatory than a hell. [NYO]

tabloids

You Have to Hand it to Them

Whatever your feelings toward the New York Post, the feisty tab sure does have a way with headlines. And, of course, Page Six has no problem boasting about it—or cross-promoting tasty corporate products. Harper Entertainment, which, like the Post, is owned by monolithic News Corp., is publishing Headless Body in Topless Bar, a celebration of some of the paper's greatest hits. Page Six's top picks after the jump. More »

The Party Line "In his first visit to the Wall Street Journal's D.C. bureau, Rupert Murdoch told staffers Friday that he would put more resources into Washington coverage and take on the New York Times, while reassuring them that he is not a 'conservative' pushing an agenda in the news pages." Moral judgment: are well-intentioned lies okay? [Politico]

wall street journal

'New York Post' Free With Purchase of Paper of Greater Value

Despite early promises that Rupert Murdoch didn't want to "cheapen" the Wall Street Journal by associating it with other News Corp. brands, vendors were doing exactly that at City Hall today, selling the Post and the Journal together for $1, devaluing the Wall Street Journal's street value and its brand 30 percent. [via Alex Balk]

rupert murdoch

Murdoch Mag Censors Anti-Rupe Review

If there is any lingering doubt that Rupert Murdoch is going to change the Wall Street Journal, consider The Far Eastern Economic Review. The small monthly became part of the Australian uber-mogul's empire in December. The magazine was planning to run a review of a tell-some book about Murdoch's time in China. When editors realized that the book wasn't a Fox News-esque glowing portrait of Murdoch, they ditched the piece.
More »

holiday parties

The News Corp. Holiday Party

The House of Murdoch celebrated Baby Jew Jesus' Birthday at the Angel Orensanz Center last night. A spy says: "The girls at the door were in waaaaaaaay over their heads, and were rudely denying people (who were supposed to be on the list) left and right! I witnessed them make people wait outside in the cold, while they frantically called their Fox Interactive contacts to get them in the door.... I heard the party was pretty fun from co-workers though. Samantha Ronson was DJing, but her ladyfriend L. Lohan wasn't there. The coat check was a clusterfuck, as people waited for ever to leave and the dirt-bags at Fox were waving money around in the coat-checkers faces trying to get ahead in line. Half my co-workers are still drunk!" IS THIS TRUE, FOX WORKERS?

"Dow Jones CEO Richard Zannino is expected to announce his resignation Thursday afternoon, one week before Rupert Murdoch is set to assume official control of the company and its storied Wall Street Journal...." [Newsweek]

machinations

Idiot Men Oppose Staunch Natalie Bancroft For News Corp. Board

A bunch of "experts" and white men are trashing Rupert Murdoch's all-knowing decision to add Natalie Bancroft to the board of Murdoch's News Corp. The 27-year-old non-performing opera singer and member of the Bancroft family, which happily tossed the Wall Street Journal to the Aussie tabloid terror and now would like to Monday morning quarterback everything, is described as probably being the gal who will plan the Christmas party. Let me ask the old white men this: Have you ever been to that poker game? The one where the new girl arrives in the slightly-inappropriate dress and is all "Um, oh my God, what is 'Texas Hold 'Em'?" And then she leaves with everyone's money and a couple phone numbers? We know Natalie Bancroft is that girl. From board meeting number one, she has the greatest advantage on her side: She is not encumbered by a penis, that poisonous organ that makes people stupid.

Experts question Bancroft choice for News Corp [Reuters]


this is her first time at the rodeo

Is Natalie Bancroft Actually The Only Smart Choice For News Corp. Board?

The poor Bancroft family, former owners of the Wall Street Journal, have bent themselves entirely over new WSJ owner Rupert Murdoch's lap. They've spent the last two months trying to put a representative on the board—but blew a deadline and ensured that Murdoch got to choose for them. (Bitter but true: Rupert wanted "the appearance of the support a Bancroft Family member," according to Christopher Bancroft, not "a 'seasoned champion of journalistic values' from the world of journalism." Plus! "Our family's concerns about journalistic integrity are clearly indicated by our willingness to sell Dow Jones to News Corp." Youch!) And now the family is torn apart because 27-year-old Natalie Bancroft, described dismissively as "a 27-year-old opera singer living in Europe," will sit on the News Corp. board. But? More »

shareholder rebellions

Rupert Murdoch Knows Democracy Is Beautiful In Theory

Do you hear the people sing? Rupert Murdoch did today, when nearly a quarter of investors spoke up for greater democracy within the oligarchical nonsense that is NewsCorp. At the corporation's annual meeting in New York, 23% of shareholders voted to change the current dual class voting structure to a 'one share, one vote' model. The Murdoch clan's control of 30% of the voting shares makes it unlikely the rebelling shareholders will get their way. The Guardian notes that "Defending the status quo, Mr. Murdoch said protection from takeover bids was beneficial to shareholders because it allowed the management to take more risks." Okaaay. More »

What are the terms of the new contract between MySpace founders Chris DeWolfe and Tom Anderson with their corporate daddies at Rupert Murdoch's News Corp.? "$30 million over two years," suggests Valleywag —which sounds a lot less cute when you put it as "News Corp countered with an offer of $15 million each spread over 2 years," as Nikki Finke did. But, but, that's only $7.5 million a year! How are they supposed to party like rock stars? [DHD]