How Murdoch Covers Murdoch
futureofcapitalism.com

All my good contrarian and news instincts (one and the same instinct, actually) want me to rise to the defense of Rupert Murdoch and News Corp. as they are embattled and under attack rather than piling on with the herd that is attacking them. But whoever is editing the Wall Street Journal's coverage of the News of the World affair isn't exactly making it easy. Take this paragraph:

Analysts said the closure of News of the World would have a trivial impact on News Corp.'s finances. The paper accounts for significantly less than half of News Corp.'s U.K. publishing operations, which are valued at about $1.3 billion, or 2.8% of News Corp.'s current market cap, according to a person familiar with the matter. News Corp. shares rose almost 2% on the Nasdaq Stock Market Thursday before finishing at $17.43, down four cents.

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How Murdoch Covers Murdoch
futureofcapitalism.com

All my good contrarian and news instincts (one and the same instinct, actually) want me to rise to the defense of Rupert Murdoch and News Corp. as they are embattled and under attack rather than piling on with the herd that is attacking them. But whoever is editing the Wall Street Journal's coverage of the News of the World affair isn't exactly making it easy. Take this paragraph:

Analysts said the closure of News of the World would have a trivial impact on News Corp.'s finances. The paper accounts for significantly less than half of News Corp.'s U.K. publishing operations, which are valued at about $1.3 billion, or 2.8% of News Corp.'s current market cap, according to a person familiar with the matter. News Corp. shares rose almost 2% on the Nasdaq Stock Market Thursday before finishing at $17.43, down four cents.

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