News Corp Faces Increased Losses at TalkTV

TalkTV is proving a costly, and so far fruitless, endeavour. Despite ploughing in over $20 million to get the station started, not counting the free promotion in News Corp titles, TalkTV continues to lag behind GB News. This comes despite their revamped programming schedule. Murdoch hoped the station could rival the BBC, perhaps he should consider rivalling the corporation’s cost-cutting measures…

The increasing costs of TalkTV are starting to hurt News Corp’s bottom line. The company’s profits fell 50% in the previous quarter and it racked up $20 million of TalkTV attributable additional costs in its latest quarter. Revenue so far appears to be as negligible as their audience. They’re now at a point where Nadine Dorries stepping in increases views. Perhaps making Piers Morgan work out of the mini-Shard rather than a separate, dedicated studio near his home is an obvious place to begin cuts…

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Time to Break Up the Murdoch Media Empire

Guido is an admirer of Rupert Murdoch and the global role he has long played in political affairs. During the Cold War his media assets supported political leaders who stood firm against the Soviet threat, his papers banged the drum in support of the free enterprise system; in Britain he broke the print unions’ resistance to change and progress at Wapping, his satellite television networks brought competition and choice around the world. For decades his broadcast networks and newspapers have given editorial support to parties and politicians fighting collectivism around the globe. Nor should we forget that Bart Simpson entertained the world’s children in a reckless way that has always annoyed the woke.

Nevertheless, the power and influence that he has wielded for good should not, perhaps, outlive him. Lachlan Murdoch, CEO of Fox, appears to be the only heir in his father’s image, and Guido has long feared that – outvoted by his siblings – control in the hands of James and Elisabeth Murdoch would result in a very different drumbeat from the Murdoch Media Empire. It would be progressive, woke and carbon neutral. We would no longer hear or read the voices passionate in their support of free enterprise and the free markets that have brought prosperity to hundreds of millions people since the fall of communism.

Filings just released in the US show that James Murdoch and his wife Kathryn spent $20 million opposing Donald Trump’s 2020 re-election while funnelling another $100 million through Quadrivium, a not-for-profit they control, to support left-wing political groups. James backed Democrat candidates, according to CNBC, who found the large contribution while reviewing the 2019 tax return documents of Quadrivium. James quit the News Corporation board over “disagreements over certain editorial content published by the Company’s news outlets and certain other strategic decisions.”  The New York Post and The Wall Street Journal both have conservative opinion sections.

Could Rupert ever bring himself to break up his life’s work? Well he has already divested himself of Twentieth Century Fox to Disney and British Sky Broadcasting to Comcast. Maybe he thinks the same as Guido…

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Rebekah Will Be Appointed News UK CEO As Of Monday


Rebekah Brooks will replace Mike Darcey as the chief executive of News UK on Monday according to Guido sources.  An official announcement will be made later today…

UPDATE: As was widely rumoured Tony Gallagher is transferring from the Daily Mail to become The Sun’s editor-in-chief.

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Will Lewis Partying Like Its 2009 Organising “Telegraph MPs’ Expenses Re-Union Party”

In what will surely add to the feeling that it is 2009 all over again, Guido hears that Will Lewis, formerly editor of the Daily Telegraph during its MPs’ expenses exposing high point, is organising an “MPs Expenses Re-Union Party” in May to commemorate the fifth anniversary of the award winning scandal. Which seems as fresh today as ever…

Awkwardly Will is now Chief Creative Officer of rivals the News Corporation. Guido looks forward to his invitation…

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