Murdoch’s De-Risked With Disney

Tom Watson can barely contain himself: “This is the end of an era for the Murdochs who after decades of aggressive empire expansion are now in retreat.” The left is celebrating because their blood enemy of half-a-century is “in retreat”. If it is a retreat then it is a luxurious one. Disney is paying $52 billion for the Fox assets Murdoch is selling, which includes Sky in the UK. It pleases Rupert’s legion of enemies that he has lost the battle for total control of Sky…

As some of the more sober analysis on the business pages has noted, Fox stock is up 30% since the bid speculation started; Murdoch is selling at the top. Disney is gearing up for a streaming war with Netflix, Amazon and Apple. Content libraries are the key weapon in that war. Fox is getting a full premium for that treasure without the risk of becoming a casualty. Rupert could again – as he was at the dawn of satellite television – be ahead of the game. The billions in profits generated by Sky may dazzle investors now; those with more vision can see that the future of universal fast broadband and the shift to mobile means this tsunami of subscription revenue could recede very quickly. The Pay TV assets Murdoch has sold to Disney could never have it better…

Murdoch still has control of Fox News, the most lucrative news channel on earth. He still has News Corp’s newspapers around the world and a big chunk of Mickey Mouse’s stock. Fox also now has billions in cash and cash flow with which to make Murdoch’s next move…

UPDATE: Murdoch tells Maria Bartiromo that he wants to be out of entertainment and in real-time news:

mdi-timer 15th December 2017 @ 10:08 am 15th Dec 2017 @ 10:08 am mdi-comment Comments
Give Them What They Want

Last night Guido went to see Ink at the theatre. Not the usual luvvie whine about Rupert Murdoch and The Sun. Guido paid £80 for his ticket and it was well worth it…

mdi-timer 12th October 2017 @ 9:30 am 12th Oct 2017 @ 9:30 am mdi-comment Comments
Gove on Watson

Michael Gove on Tom Watson:

“Tom believes Rupert Murdoch picks the England cricket 1st 11 and England rugby 1st 15, as well as deciding who’s on Britain’s Got Talent.”

mdi-timer 13th June 2017 @ 9:03 am 13th Jun 2017 @ 9:03 am mdi-comment Comments
Canary’s “Batsh*t” Conspiracy Theory About Sun’s Front Page

Here’s the pro-Corbyn Canary claiming that “This was what The Sun chose to put on its front page in the aftermath” of the Manchester Arena attack. As Dominic Ponsford, the editor of the Press Gazette, put it, this is “Batsh*t reporting”.

Anyone who had the slightest understanding would realise that this was put out before the tragic news from Manchester broke. The actual front page splash in The Sun’s second edition was

At best the Canary is batsh*t crazy or more likely deliberately misleading readers out of left-wing malice towards The Sun. One reader is the Labour MP Barry Sheerman:

In reality News UK gave £100,000 to a fund for Manchester victims and Sun readers have so far donated £60,000 to the fund. Barry Sheerman is an idiot.

mdi-timer 25th May 2017 @ 1:16 pm 25th May 2017 @ 1:16 pm mdi-comment Comments
Murdoch Requests Correction Over Guardian Fake News

Anyone with a Twitter account will at some point have seen one of the many memes quoting Rupert Murdoch on why he backs Brexit: “When I go into Downing Street they do what I say; when I go to Brussels they take no notice“. The quote was first attributed to him by Anthony Hilton in the Standard and repeated in the Guardian and Indy, as well has being shared thousands and thousands of times on social media by the usual Murdophobes. Today Rupert has written to the Guardian to demand a correction:

“There is much fake news published about me, but let me make clear that I have never uttered those words.”

Sure all those ‘press ethics’ campaigners will be posting prominent corrections on their Twitter accounts…

mdi-timer 19th December 2016 @ 2:46 pm 19th Dec 2016 @ 2:46 pm mdi-comment Comments
Murdoch’s Sky Takeover

The usual bed-wetters will freak out at the news that Rupert Murdoch is offering £18.5 billion for the 60.9% of Sky that 21st Century Fox does not already control. Sky shares jumped 32% on the news. Before Murdoch was rudely interrupted by the Leveson Inquiry he was poised to take control of Sky. Expect the BBC-Guardian axis to go into meltdown. After Brexit and Trump, Rupert getting control of the rest of Sky will just be the icing on the cake for luvvies and snowflakes across the land…

mdi-timer 9th December 2016 @ 4:49 pm 9th Dec 2016 @ 4:49 pm mdi-comment Comments
Previous Page Next Page