When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, October 7, 2014

Murdoch vs Google, Rupert Disintermediated

Rupert Murdoch's News Corporation has complained to the European Commission about Google--

One day, even Google will go into decline - Telegraph: "... In a no-holds-barred missive, his [Rupert Murdoch’s News Corporation] chief executive, Robert Thomson, has written to the European Commission complaining about a “cynical management ... willing to exploit a dominant market position to stifle competition”. When I heard about this, I imagined for one glorious moment that someone had got hold of an internal News Corp memo, detailing Mr Murdoch’s own private agenda, for this is a man who has spent much of his life ruthlessly pursuing the holy grail of monopoly. Both in UK national newspapers and pay TV, he came pretty close to achieving it. Yet against Google, Mr Murdoch’s achievements pale. It must stick in the craw. At nearly $400 billion, Google is capitalised at four and a half times the combined market worth of Mr Murdoch’s Twentieth Century Fox and News Corp, and an astonishing 40 times the value of News Corp alone, the holding company for all Mr Murdoch’s newspaper interests, including the Wall Street Journal, the Sun and The Times...."

Disintermediated: Newspapers, Broadcast TV, Rupert Murdoch

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects