Tuesday, 19 July 2011

News Corp RIP?

The Wisdom of Crowds is starting to suggest it is All Up for Rupert Murdoch (1).

This is something of a massive hostage to fortune, but I suspect there won't be a News Corp in a couple of years time.

If Murdoch stays, it will destroy the brand. If he goes, it will destroy the brand.

If the name does survive, it will be for a much reduced rump of companies, with most of the holdings sold off, and no-one called Murdoch anywhere near the levers of power - though possibly still clinging onto the levers of profit.
1 - "News Corp shares fall as pressure grows," unattributed article. Published by the BBC, 18th of July, 2011. (http://www.bbc.co.uk/news/business-14181119)

2 comments:

Anonymous said...

I would not put a bet on it, to many people are involved and they go into power off the Murdock to let it go.

lurgee said...

In the short term, it looks like I was wrong. The News Corp share price rallied strongly after Murdoch's select committee appearance. Something in his fumbling, incoherent performance seemed to reassure investors. Perhaps just the fact he didn't actually sprout horns and a tail ...

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