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Politics | 04/24/2008 12:00 am

wOw's Views on the News: Rupert Murdoch Bids $580M for Newsday

By The Staff at wowOwow.com
© AP

Rupert Murdoch bid $580 million for Newsday in hopes of adding it to his collection of New York-based newspapers. He already owns two of the nation’s top ten highest-circulation newspapers — The Wall Street Journal and the New York Post. Read about it here in The New York Times and here in Newsday. Some say Murdoch is an old-fashioned press baron, destroying America’s business paper of record; others say he is simply shoring up an ailing industry just in time. What do you think?

 

155 Reader Comments (so far…) Sign In or Register to comment

Kay Sara
Monopoly or oligopoly ownership of the news media is counter to assuring and securing our right of freedom of the press.
By Kay Sara on 04/24/2008 8:12 am
E .
Rupert Murdoch bid $580 million on Newsday in hopes of adding it to his collection of New York-based newspapers.” Isn’t that one of the signs of the apocalypse?
By E . on 04/24/2008 8:14 am
ariadne a
i don’t know about the apocalypse but ‘BIG BROTHER’ certainly comes to mind.
By ariadne a on 04/24/2008 9:48 am
No GOP
Elizabeth F—Thanks for the laugh….but you’re just turning on the Left Behinders.
By No GOP on 04/24/2008 2:24 pm
kat
If the sale violates any laws, then it will be stopped. Personally, after any paper, i usually look for alternative opinions from other papers or the internet and then formulate my own views.
By kat on 04/24/2008 8:59 am
Deni G
Yeah…that’s worked real well for us.
By Deni G on 04/24/2008 1:15 pm
Mugsy Peabody
Right, Deni. Good luck with that.
By Mugsy Peabody on 04/24/2008 4:33 pm
No GOP
Kat Baldassare—“If the sale violates any laws, then it will be stopped.” Since apparently you believe that hysterical sentence…please contact me ASAP. Bring your checkbook…I have a garage full of gold bricks I want to sell you REALLY cheap because I like your “handle.”
By No GOP on 04/24/2008 2:38 pm
Kay Sara
Kat, oh to be so trusting that the govt will do what’s right. thney do not regulate airplanes, food, imports (lead) etc etc. They do not prosecute one fraction of the violators of laws - in fact McCain doesn’t want more lawsuits that is why he was not infavor of the Bill extending the time frame women could file for unequal pay.
By Kay Sara on 04/24/2008 3:42 pm
georgia g
if you take a look around the world today, it is as if the lessons of history have not been put to use as warnings of the evil that men do, but instead, how to do it “better.” the oligarchs are running every government- not just the ones we fear- the different forms of government only creating alternative labels: Russian oligarchs, US corporatists, Middle Eastern despots, South American nationalists, Asian totalitarians- business as usual between them never skips a beat even when at war with each other. It is only when the “people” who keep the engines running feel hungry- when life, not “lifestyle” is threatened, that they will fight back. We once had a generation that made it to the middle class by way of the battlefield, so fighting in the political arena was “maintenance” until they themselves had too much to lose in the portfolios that grew directly because of such business de-regulations- shockingly, they even stopped fighting for their own children’s future- no longer with the protections they held so sacred. Murdoch is a corporatist, the more the better and the stronger his company gets the more “successful” we will see it to be. He owns enough leverage to make anyone in our government -and others by the way- to make his wishes become reality. He was even granted a “walk through” naturalization- in the front door, out the back- thank you Washington, D.C. when citizenship was all that stood in the way of more consolidation- (Thank you “Princess Grace” for your excellent research.) It is unfortunate that the law at one point found the rights of corporations to be equal to the individual, from there they used all the resources in their power to abuse this standard- the Supreme Court has ruled against the Bush Administration, but when deciding between the Corporate interest and the individual, the corporation has won every battle. The change we hope to see here will come at no less a sacrifice than is necessary in those “other” places we are “fortunate” not to live in. There is no turning back.
By georgia g on 04/24/2008 8:59 am
Julia Reed
I can’t imagine what he wants with Newsday. I get that he would save some money combining back-office operations with the Post, which is still hemorrhaging money (and still so entertaining) after all these years. But I also agree with the analyst who told the Times that she did not think advertisers would be lured by being able to buy joint ad space — to paraphrase, either you want to buy ads in the Post or you don’t, and having Newsday on offer won’t change that. What concerns me a lot more than whether or not he’ll be able to get his hands on Newsday is what is going on at the Wall Street Journal. He all but forced the resignation of the current managing editor, thereby getting around the most laughable terms of the sale of his purchase of the paper from the Bancrofts — that the managing editor would have complete control over the news operations of the paper and that Murdoch couldn’t fire him without permission by the outside oversight committee set up to police the deal. Meanwhile Murdoch’s publisher has an office in the newsroom, shorter pieces with no "jumps" are being encouraged on the front page, and editors are being let go. I know it’s gospel that despite all his many holdings, newspapers are Murdoch’s first love. I just hope he doesn’t wreck one of my favorites. Peggy could address what’s going on there better than I could. I also have to say I agree with Joan that there is something you have to admire about the man who is indeed a force of nature. I’m also really interested in his daughter, who seems to be a really visionary TV producer.
By Julia Reed on 04/24/2008 9:29 am
Frau Quink
It’s a disgrace that the Wallstreet Journal was sold. I thought that this paper was a national institution and one of a kind. I loved reading the Friday edition. I stopped reading it. It’s not the same any longer. I feel bad about the first class folks who lost their jobs.
By Frau Quink on 04/24/2008 9:41 am
No GOP
Julia, Julia, Julia, Julia….Puhleeeze re-read the Declaration of Independance, Bill of Rights, and Constitution. Thank you. Sheesh.
By No GOP on 04/24/2008 2:34 pm
No GOP
there is something you have to admire about the man [murdock]who is indeed a force of nature.” So was Attila the Hun. There’s nothing at all admirable about the programmatic dumbing down/militarization of the nation.
By No GOP on 04/26/2008 11:20 pm
ariadne a
julia, just maybe it is not ‘just’ about money anymore? after all, he is a counterpart to king midas. what if it is all about control? fox news has been losing market share, they reflect the views of the hard right. gw has taken this country into the tank and some are going weary of the nonsense spewed from fox. what if his motives are now about dominating the media markets in order to control the philosophy they feed us? these philosophies shape our world view and most people do not question things as much as they should.
By ariadne a on 04/24/2008 9:59 am