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Reply #3: I don't pretend to understand the implications of this [View All]

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Wickerman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-08-04 02:32 PM
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3. I don't pretend to understand the implications of this
but I LOVE the idea of Murdoch being victim of a hostile takeover attempt.

That was flat out how his empire was built. In the early 90's I worked for a very successful yet family owned publishing company. We made a product free from high-powered market constraints. We took our time and put out a high quality, respected product. Murdoch saw us as under-utilized and under-performing.

In the process of defending against his hostile takeover the company teetered on the edge of bankruptcy for a couple of years. Eventually, we were sold to another media holding company that stripped off the cherry products and decimated the professional/low profit products.

We turned out more product than ever, but of lesser quality and more expensive. It got so profit centered that it was easy to leave. God only knows what would have happened if Murdoch would've actually got hold of us. :scared:
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