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This is a very (bad) political strategy, well played by Murdoch. To get some insight, read Bob Iger's (Disney ex-CEO) book. He explains how Murdoch was worried
by shanecp 6y ago
This is a very (bad) political strategy, well played by Murdoch. To get some insight, read Bob Iger's (Disney ex-CEO) book. He explains how Murdoch was worried about the rising tech-giants, how news is losing edge and his decision to sell to Disney.
The sale to Disney happened as a direct result of Murdoch seeing the threat (i.e people moving away from news).
Unfortunately for Australia, they cover over 50% of media, and can get the Government to do what they want.
To know more about the logical side, see the ex-Prime Minister's Senate hearing. This had the most amount of signatures in the history of Australia, yet, unfortunately, it'll not reach anywhere.
https://www.youtube.com/watch?v=Ap_LuSQ5NSc https://www.youtube.com/watch?v=Ap_LuSQ5NSc
- mythz 6y ago> The sale to Disney happened as a direct result of Murdoch seeing the threat (i.e people moving away from news). Then why did Murdoch effectively choose to only keep their news channels (inc. Fox News), but sell the rest of 21st Century Fox (Film & TV) to Disney?
- pests 6y agoSell the money makers. Keep the propaganda.
- shanecp 6y agoThe answer (in depth) is in the book written by Disney CEO. Too complicated to answer here.
- mythz 6y agoLol, Should be pretty easy to explain the obvious contradiction: If a weakening News market outlook was the cause of the sale, why did he choose to sell everything but Fox's News businesses?