Quote:
Originally Posted by mynameisjim
Although I respect the opinions of fellow GFY'ers. A media billionaire should probably be at least listened to. It's not like he got rich by being lucky, he's had a string of successes. He's a total ass, but he knows how to make money.
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Definitely Murdoch is a smart guy, but the writing is sort of on the wall with newspapers and he has a portfolio full of them. WSJ is in good shape, but he paid a huuuuuuuuuuuge premium for WSJ and WSJ still isn't helping fox business get off the ground.
Via game theory there is simply no incentive for all newspapers to charge, in the new era the newspapers with the lowest cost structure will win.
That said, I don't like the guy making money by significantly lowering political discourse in America by putting idiots like Hannity and Beck on the air. Although Beck and Hannity appeal to a particular segment of the conservative/republican base, they so horribly misinform people on a daily basis that they drag down the whole republican party.
At least O'reilly makes semi-relevant points (but he does do that creepy stalking thing).
My guess is News Corp will go down in flames in the next few years, but Fox will remain profitable and will be spun out.