Why Rupert Murdoch’s plan to rule the media world still needs newspapers more than TV – Justin Schlosberg

2 08 2014

rupert-murdochRupert Murdoch’s latest bid for empire expansion has fallen on deaf ears. His offer to buy Time Warner for US$80 billion was resoundingly rejected by the owners of CNN, HBO and Warner Brothers. But despite the setback, Murdoch’s apparent willingness to sell off CNN to satisfy regulators (should a bid be accepted by Time Warner) reveals something significant about how he values news assets. Read the rest of this entry »