Dear Mr. Murdoch: Save yourself 80 billion bucks

posted by
July 21, 2014
Reuters
by Jack Shafer  
Posted in Commentary, PND Commentary

"The first time Rupert Murdoch tried to acquire Warner, Ronald Reagan was completing his first term as president, the Bell System break-up was nearly finished, and the first Macintosh had just gone on sale. Murdoch’s aim was to construct an entertainment-information conglomerate on top of his existing newspaper properties. When Warner (or Warner Communications, as the parent company was called then) spurned his 1984 offer, he promptly went on to purchase 20th Century Fox as his bedrock and from that base built an international company that includes a American broadcast network, 28 terrestrial U.S. television stations, several satellite broadcasting entities, a profusion of cable television channels, an immensely profitable news network, and more." (07/17/14)

http://tinyurl.com/nbcckk8  

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