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View Diary: Signed, Sealed, & Delivered (268 comments)

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  •  He has the role of king maker in politics. (3+ / 0-)
    Recommended by:
    bronte17, Jay Elias, moosely2006

    It seems the logical extension of his game would be to become a king maker in the markets.

    It is kind of scary imo.

    •  Sure... (1+ / 0-)
      Recommended by:
      inclusiveheart

      ...but the people who are already kingmakers in that line tend to be jealous of their royal powers.

      The urge to save humanity is almost always a false face for the urge to rule it. ~ H.L. Mencken

      by Jay Elias on Wed Aug 01, 2007 at 08:04:04 AM PDT

      [ Parent ]

      •  There were those in the media (0+ / 0-)

        universe and the political arena who were at one time standing in his way too, but he managed to amass power in those venues despite the previous kingmakers' objections.

        The thing that is most frightening about Murdoch is that he is incredibly patient, disciplined and focused on his greater goals.  He is a formidable opponent.

    •  You have that backwards (1+ / 0-)
      Recommended by:
      moosely2006

      His goal has always been to become king maker in the markets. Money = Power. Power = Money. Fox is conservative because he saw a niche for a right-wing media empire and he filled it. He didn't create the American distrust of the media, the right-wing did. He simply tood advantage of their strategy and created a flashy channel that would feed the anger of the people who believed in their PR.

      He won't "take on" the biggest players, he'll work with them, the same way he is charming Bill and Hilary Clinton. Everybody will benefit. Well, at least everybody who matters to them. The masses - including you and me - will get screwed. Politics is nothing to Murdoch. Power is what it's about.

      •  I'm not sure that I said that this (0+ / 0-)

        goal to become a financial kingmaker is something new.  I think I was positing that he has been building his empire over the many years first in media and then in politics and now he is taking the prize in the markets by acquiring the crown jewel in the financial media  I never meant to suggest that this plan was new as much as suggest that the themes we have seen in both the media and political arenas would continue.

        I would disagree with the assessment of who he will or will not take on.  He will take on anyone who gets in his way.  He is smart enough to engage even his enemies where they can help advance his goals, but he will divest of them the minute he can get something closer to his ideology.  He is btw almost fanatical in his love for Ronald Reagan.  His political ideology can and has eclipsed his quest for money on occasion - the NY Post is a good example.  he loses money on it, but he wants his right wing agenda promoted on a daily basis so he takes the loss.  He is a bit more complex than just power - he is an ideologue too.

        •  I'm not sure he's an idealogue (1+ / 0-)
          Recommended by:
          inclusiveheart

          I'm sure that what you're saying about Reagan is true, but I don't think that Murdoch loves the right wing political ideals as much as he loves their economic policy of not putting limits on wealth or power. I suspect that when Murdoch promotes a particular party, it's because he believes that he will benefit by promoting that party, not because he actually agrees with their social policy.

          By the way, I agree with most of what you're saying about Murdoch, and feel that it is very on target. I guess I just interpret his political activity differently. I think that he uses politics to further his economic expanstion, not the other way around.

          •  I read a really interesting article a while (1+ / 0-)
            Recommended by:
            dianem

            back which was an interview with him and Roger Ailes.  He was surprisingly candid about his devotion to conservative ideology and talked about - also in a surprisingly candid way - how he stuck to the conservative voice at Fox and with shows like The O'Reilly Factor for a long time even when he wasn't making money because he believed in the conservative ideology.  For whatever reason the question of Phil Donahue's firing from CNBC came up in the interview and that was why he started talking about the intersection of ideology and his media empire.  I actually think his belief in conservatism is an important component in his recipe for success.  It is a driver for his long-term vision which is what I think makes him different from your garden-variety business mogul.

            Around the time I read that article - it was just about the time that he was first talking about his new financial news television network - I had this conversation with my father and I remember saying to him that I wondered what the world would have been like right now if instead of being a committed conservative, Murdoch had been a committed liberal and achieved the media empire that he has achieved.  I wish I could even remember where I found that article.  It was one of the pro media rags, but I can't for the life of me remember which one now.  I think you'd probably find it interesting though.

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