"Rupert Murdoch's 2007 purchase of Dow Jones & Co. placed him along
side the likes of Sam Zell, who bought Tribune Co., and Bruce Toll,
who bought the Philadelphia Inquirer, on the list of tycoons placing
big (potentially contrarian) bets on newspapers. Richard Greenfield
of Pali Capital Inc. had a dim assessment of News Corp.'s acquisition
in a Thursday note. Greenfield called it "stomach churning to listen
to [News Corp.] management indicate that reported operating income
actually suffered from the acquisition of Dow Jones" and observed
that "News Corp. would have created more value for investors by
donating $5.7 bn to charity than buying DJ."
On Dec 22, 2008, at 5:43 PM, justifiedright wrote:
> --- In AsburyPark@yahoogroups.com, Jersey Shore John
> <jerseyshorej...@...> wrote:
>
> >It is
> > the one U.S. daily Murdoch currently owns."
> >
> > Ahem.
>
> Murdoch also owns the Wall Street Journal.
>
> Double Ahem.
>
> Facts matter.
>
> Not sure where you are going anyway.
>
> The point of the Times article is that other print is failing while
> TCN thrives. How does pointing out another paper that is not doing
> well (if you are right) detract from the point? Doesn't that
> support the point?
>
>
>
[Non-text portions of this message have been removed]
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