Category Archives: Media

Crawford Hill, Exemplary Epistolizer

Required
reading
: Crawford Hill‘s letter to the rest of the Bancroft
family, explaining in glorious detail how and why they deserve their fate of
selling out to Rupert Murdoch.
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The Denver Bancrofts Play the Ultimatum Game

There’s a famous experiment in experimental economics called the Ultimatum
Game
:
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Shari It Didn’t Work Out

It’s not easy, being the daughter of a media mogul and working for your dad.
Elisabeth Murdoch left News Corp to start her own company,
Shine. Today we learn
that Shari Redstone is leaving Viacom.
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The Blogs vs Dennis Kneale

Forbes managing editor Dennis Kneale isn’t having a good time
of it in the blogosphere today.
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NYT Economics Coverage Shrinks

To kill Economic View but to keep Ben Stein alive betrays a sense of priorities which can’t bode well for the NYT Business section.
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Bancroft Minority Can’t Block a Dow Jones Sale

It looks like the Bancrofts will sell out to Rupert Murdoch.
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CNBC Has A Winner

Mary Sue Williams has
won
the CNBC Million Dollar Portfolio Challenge.
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M&A Trial Balloons Move to the Web

Paul Murphy had a kindasorta
scoop
today:
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Posted in M&A, Media | 1 Comment

Christopher Bancroft’s Foil-Rupert Scheme: Doomed to Fail

Christopher Bancroft doesn’t want to sell Dow Jones to Rupert
Murdoch
, but at this point it’s clear that if no one else is willing
to pay $60 a share, then Rupert’s going to get his trophy.
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The Moral Case Against Murdoch

Commenter dissent has a heartfelt
and powerful rebuttal
to my sanguine view of Rupert Murdoch
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Why Murdoch Can Make Money On His Dow Jones Investment

It’s a bit embarrassing, but true, that the 76-year-old Murdoch has a longer time horizon than a public company which will almost certainly exist in some form for many generations yet.
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Rupert Murdoch is Enjoying Himself

Rupert Murdoch:
“When the Journal gets its Page 3 girls, we’ll make sure they have MBAs.”
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Murdoch: “Everything is Done”

Reuters managed to snag
a quick interview
with Rupert Murdoch in Warsaw, of all
places, where he’s meeting the prime minister (natch) and relaunching a television
station. "Everything is done. We are just waiting for a final approval
of the Bancroft family," Murdoch said.
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News Corp-Dow Jones: It’s All Over Bar The Voting

The ink isn’t dry, but if the news
from CNBC
is to be believed, the uncertainty over the future of Dow Jones
is over.
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On News, Analysis, and Charlie Gasparino

In the overheated atmosphere of CNBC, it’s easy to get confused between facts and informed speculation on those facts.
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Murdoch Closer to Acquiring Dow Jones

It looks very likely that we’ll see for ourselves just how hands-on Murdoch will be as an owner of the WSJ.
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The Bear Bailout: A Plea for Transparency

Now that the public gets its financial information from an incredibly wide range of sources, it’s becoming less and less useful for banks and other financial entities to talk only to a small number of media sources.
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Dow Jones Takes One Step Towards a Sale

Who knew? Apparently the board of Dow Jones is good for something after all:
the WSJ’s Sarah
Ellison
is reporting that they’re going to take over the negotiations with
Rupert Murdoch.
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Monday Links Do The Twist

Enough links to keep anybody happy for at least an hour.
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Underbidding for Dow Jones

Floyd Norris asks a provocative
question today behind a NYT firewall: Could An Underbid Win
Dow Jones?
(Update: The whole entry’s now up
at DealBook
, for free.)
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Why the GE-Pearson-Dow Jones Deal is Unlikely to Happen

I’m trying to work out how the GE-Pearson deal for Dow Jones, being mooted
in both the WSJ
and the FT
today, could possibly work.
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How to Write About Companies

A WSJ article has 10 different numbers in the space of two paragraphs totalling 119 words.
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Don’t Invest in Hollywood

Only a fool would invest in the expectation of making a profit either
in films or in art.
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Inappropriate Behavior on Cable TV

The CNBC Million Dollar Portfolio Challenge is a horrible, meretricious abomination.
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Posted in Media | 5 Comments

Why The WSJ Is Not Necessarily A Wasting Asset

Michael
Lewis
has an interesting but wrong-headed argument today, saying that Rupert
Murdoch
is buying a wasting asset in the Wall Street Journal.
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