Wednesday, January 21, 2009

If Rupert Murdoch had just waited a couple of years, he could have purchased most newspaper companies in the US

The $5.6bn Rupert Murdoch’s News Corp paid in 2007 for Dow Jones, owner of the Wall Street Journal and several local papers, would now be sufficient to buy Gannett, the New York Times, McClatchy, Media General, Belo and Lee Enterprises, even at twice their current share prices.
Hat tip: Mark Potts


Anonymous said...

Rupert Murdoch is a sharp businessman. He never would have touched the likes that FT speaks. Dow Jones and The Wall Street Journal on the other hand truly are wildly profitable. hehe, the WSJ made over 100 million just on subscriptions last year and DOW Jones Newswire is the wire service for the NYSE and virtually every broker in the entire world. It would make your lips curl just to hear how much we pay per month for that ticker.

Anonymous said...

What would he do with all those losers?

nick said...

mr murdoch may buy McClatchy his 1th acts new look The Charlotte Sun The Kansas City Daily Telegraph The Miami News of the World and Fort Worth Times