Sun Jun 2, 2013, 09:37 AM
marble falls (9,260 posts)
Rupert Murdoch is now an old man on a lonely throne
By Peter Preston, The Observer
Sunday, June 2, 2013 7:37 EDT
In his 80s, with no clear successor, the media mogul and his spun-off newpaper operation are in a precarious position
Matthew Parris went to the Orwell prizegiving the other day and suddenly saw red. Chris Mullin MP was giving a speech lauding fine investigative journalism – like that of this year’s winner, Andrew Norfolk of the Times – which he firmly asserted was achieved “despite” the efforts of newspaper proprietors. “What sneery, snivelling, ignorant, leftie rubbish,” wrote Parris.
“Who does he think pays for Norfolk’s investigations, or for my columns? Does he know nothing about the losses being clocked up by quality newspapers all over the world? … Does he realise how precarious now is the whole future of daily newspapers in Britain?” Call it, on second thoughts, a Rupert red mist.
There’s a balance-sheet bonne bouche of $2bn and a wiping away of debts that will help News Corp mark two ride briefly high when it goes solo and public – though no longer listed in London – at the end of June. But there will also be no more lush, adjacent pastures of satellite TV or Hollywood blockbusters to assure US shareholder peace when loss-making papers have to be supported. 21st Century Fox won’t be indulging the boss’s little foibles any longer. Once the presses roll, he’s on his own.
5 replies, 1044 views
Rupert Murdoch is now an old man on a lonely throne (Original post)
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Response to marble falls (Original post)
Tue Jun 25, 2013, 12:30 PM
MrMickeysMom (19,546 posts)
1. Change your will, Rupert...
Take all that blood money that won't be gutted by your "Ex", nor passed on to progeny who've disappointed you so, and GIVE....
Give it to everyone you've ever taken advantage of....
Response to marble falls (Reply #4)
Sat Aug 10, 2013, 09:47 AM
MarkLaw (204 posts)
5. Lock him in a cell and force him to watch Fux news all day hahaha.
All jokes aside, I do not think this guy is miserable or lonely. He can afford anything and anyone he wants. His ego is like cocaine, misery can't touch him.