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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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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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Posted in banking, cities, development, economics, Media, personal finance, remainders, technology
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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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