4 ms·
Frankly I have trouble believing the evil mastermind conspiracy theories that are so prevalent every time Murdoch, Soros or whoever buys something. People forg
by brc 11y ago
Frankly I have trouble believing the evil mastermind conspiracy theories that are so prevalent every time Murdoch, Soros or whoever buys something. People forget that it's not a personal plaything like a sports team, but a business investment. Sure, it's possible Rupert Murdoch personally structured a deal to buy this company, then gave strict orders to fire anyone who didn't watch Fox News.
I find it far easier to believe that News Corp, as a publicly traded company, wants to increase its own equity value by allocating capital well. And that the executives who work there have shown skill at identifying big-brand media companies who have been mismanaged and are in terminal decline, and purchasing them for a price which makes it easy to streamline the operation, cut dead wood and make a profit on the transaction.
The alternative is that the name and brand dissappears below the waterline forever and becomes something that people used to talk about.