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

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  •  Wrong question. Here's a better one: (1+ / 0-)
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    Noor B

    Why did you hire those crappy managers in the first place? If you'd had competent people running the place, you'd have had all the ROI you needed--and Rupert wouldn't have had any space to operate in.

    Management serves at the pleasure of shareholders. If the shareholders do not feel well served by current management, it is their fiduciary duty to do something. These shareholders didn't. And this is the result.

    Resist authoritarian aggression.

    by ticket punch on Wed Aug 01, 2007 at 08:12:10 AM PDT

    [ Parent ]

    •  Those crappy managers... (0+ / 0-)

      ...live in a very difficult newspaper world (one made increasingly worse - for journalism - by a ROI philosophy more suited to pharmaceutical companies). Check the profit margins of 20 or 30 years ago compared with now to see what I mean. At the same time as they seek higher margins, their market is dwindling for all the reasons we know well, including fractionated audiences and infotainment "culture."

      Interestingly, in many ways, Murdoch represents a sub-species of old-style publisher, the fellow who didn't care about the profit margin so much as having a platform for his point of view.

      •  Journal on Saturday was a disaster. (0+ / 0-)

        Margin or no margin, it was a supremely boneheaded idea. Jury's still out on "Personal Journal," too. And they waited way too long to slim down the pages.

        The Journal is a niche newspaper. What's true of the general market is not necessarily true for niche players. So, no, I don't think you can draw a line between, say, the Detroit Free Press and the Wall Street Journal.

        Don't let the managers off the hook. They killed the goose that could have been laying enough golden eggs to keep all the Bancrofts' trust funds nicely topped off.

        Resist authoritarian aggression.

        by ticket punch on Wed Aug 01, 2007 at 10:47:32 AM PDT

        [ Parent ]

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