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

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  •  The NYT says Murdoch will discount ads (0+ / 0-)

    revenue far below cost, initially, to drive out competition. Just as he always has done in the past.

    Murdoch will take incredible losses.  He wants to rule the world via his newspaper pulpits and he has rebuilt the empire upon which the sun never sets.

    He intends to bury the Gray Lady, and Bloomberg and the Financial Times.  Then we will only have the Fox "Business" Network.  

    Can you imagine a world with ONLY all Fox all the time?  Murdoch does.  Will he finish it before he dies?

    Supposedly, Murdoch has gained Wall Street readers with his "gossipy" New York Post.  Even Wall Street has its human side, I suppose.

    When he repurchased The New York Post in 1993, he focused on raising the paper’s circulation by cutting the cover price of the paper several times and handing out copies free.

    ...

    Mr. Murdoch believed that expanding the readership would allow him to take away advertisers from The New York Times and The Daily News. (He fought hard for readers on the news side, as well, turning the paper into a gossipy must-read for people on Wall Street, in fashion and in the media business.)

    And as The Post grew in circulation, Mr. Murdoch did not always increase the price of ads in the paper...

    <div style="color: #a00000;"> Our... constitutional heritage rebels at the thought of giving government the power to control men's minds. Thurgood Marshal

    by bronte17 on Wed Aug 01, 2007 at 12:50:37 PM PDT

    [ Parent ]

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