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kpete

(71,997 posts)
Fri May 4, 2012, 05:27 PM May 2012

“whats happening in Britain is eating News Corp up-an extraordinary corporate death is taking place"

FRI MAY 04, 2012 AT 02:00 PM PDT
Murdochgate: "Extraordinary Corporate Death is Taking Place." + Cameron in a Panic
byericlewis0


The Financial Times has just published a review of four different Murdochgate books. An excerpt:

The world in which he moved so freely is closing in on Rupert Murdoch. A committee of British MPs has judged him “not a fit person to exercise the stewardship of a major international company”. He faces regulatory and legal challenges in the three Anglophone countries in which he has been most powerful – Australia, the UK and the US. The British tabloids that once fuelled his expansion are faltering, the aggression and distortions of their journalism held up to ridicule and contempt.

Tom Watson, the Labour MP who levered himself up from lonely railer against a scornful empire into one of its most doughty enemies, writes at the end of Dial M for Murdoch, co-authored with Martin Hickman of the Independent, that Murdoch’s company, News Corporation, “may not be strong enough to withstand” all that is still to be thrown against it. He quotes Michael Wolff, Murdoch’s most obsessive (and most bet-hedging) chronicler, as writing that “what’s happening in Britain is eating News Corp up ... an extraordinary corporate death is taking place”.


(bolding by diarist)
http://www.ft.com/intl/cms/s/2/2ab8d1f0-9456-11e1-bb47-00144feab49a.html#axzz1tw03VM7e

http://www.dailykos.com/story/2012/05/04/1088821/-Murdochgate-Extraordinary-Corporate-Death-is-Taking-Place-Cameron-in-a-Panic

30 replies = new reply since forum marked as read
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“whats happening in Britain is eating News Corp up-an extraordinary corporate death is taking place" (Original Post) kpete May 2012 OP
Hubris, pure fucking hubris.. Fumesucker May 2012 #1
Until that company loses lots and lots of money and is destroyed within and it affects southernyankeebelle May 2012 #20
So much for News Corpse. The Velveteen Ocelot May 2012 #2
Can't say I'm sorry LiberalEsto May 2012 #3
When all is said and done, I hope Fox News goes down edcantor May 2012 #4
nice dreams Whisp May 2012 #7
R.I.P. - Rot in Pieces marmar May 2012 #5
these kinds of funerals I do like. Whisp May 2012 #6
Well sure - in Britain gratuitous May 2012 #8
Excellent! LASlibinSC May 2012 #9
worthy of its own thread, gratuitious Skittles May 2012 #10
You never know, though Aerows May 2012 #12
Cameron will eventually bail to try to save his own skin. hifiguy May 2012 #15
I hope you're wrong malaise May 2012 #13
The old pirate can't sink fast enough for me. hifiguy May 2012 #11
No kidding! Aerows May 2012 #14
So you are saying that quakerboy May 2012 #16
The OP didn't "say" anything... they posted an article/link as to what is being said. /nt October May 2012 #24
Looked to me like the article was quakerboy May 2012 #30
Let's give the old sod . . . TomClash May 2012 #17
Good Idea, I'm Putting a Couple of Guiness in the Fridge Right Now AndyTiedye May 2012 #23
Not too cold now! nt TomClash May 2012 #26
Nope, Left It In Just Long Enough to Get It Down to Drinking Temperature AndyTiedye May 2012 #28
Murdoch, NewsCorpse and the rest of the bunch Smilo May 2012 #18
Be careful who you step on on the way up, so they say MNBrewer May 2012 #19
GOOD! I wish the same would happen to BP and Halliburton! Rex May 2012 #21
Can't happen too quickly IMO. NooseCorp is a fascist racket kenny blankenship May 2012 #22
Murdoch is falling apart how in the US? He violated the FCPA, and STILL hasn't been charged ShadowLiberal May 2012 #25
Schadenfreude anyone? BadGimp May 2012 #27
Yet Newscrap is humming along nicely in the U.S. ProfessionalLeftist May 2012 #29

Fumesucker

(45,851 posts)
1. Hubris, pure fucking hubris..
Fri May 4, 2012, 05:30 PM
May 2012

Murdoch thought he was completely untouchable and just did whatever the fuck he wanted.

A more fitting or deserved comeuppance is hard to imagine..

 

southernyankeebelle

(11,304 posts)
20. Until that company loses lots and lots of money and is destroyed within and it affects
Fri May 4, 2012, 07:42 PM
May 2012

Fox Network News then I will believe he is in trouble.

 

edcantor

(325 posts)
4. When all is said and done, I hope Fox News goes down
Fri May 4, 2012, 05:39 PM
May 2012

and that idiots like Megan Kelly find herself on the unemployment lines, and unable to get a job.

Steve Doocey, finds he has to have his house forcelosed on him.

Sean and Bill0 find their boats reposesed.

I can dream, can't I?

 

Whisp

(24,096 posts)
7. nice dreams
Fri May 4, 2012, 05:42 PM
May 2012

it would be great to have some of those stuffed up assholes feel some economic pain and fear.

 

Whisp

(24,096 posts)
6. these kinds of funerals I do like.
Fri May 4, 2012, 05:41 PM
May 2012

it will be liked better dead than alive

Would love to be a fly on the wall at Fox Snooze. They must be having fits about this.

gratuitous

(82,849 posts)
8. Well sure - in Britain
Fri May 4, 2012, 05:54 PM
May 2012

But Murdoch and his cancerous empire are far too heavily embedded in the United States, especially in the body politic. While there are plenty of competitors and adversaries in Britain to Murdoch, the clubby nature of the major media will cause them to close ranks in favor of one of their own. Every contention, every fact, every conclusion, will be dissected, challenged, and examined with an obsessive attention to detail. Any anomalies, contradictions, hinky appearances or less than rock solid facts will be brandished as evidence that evil forces (defined as liberals or worse) are just out to get poor Mr. Murdoch, and that it's all a great big lie!

We should fully expect this kind of petulant whining from the minions at Fox; what will be most dismaying will be the way other media outlets join in, trying to distract and deflect the damning details, whilst propping up one of the most corrupting influences in our society. In addition, there will be an endless parade of politicians posturing for the cameras, in high dudgeon about the scurrilous facts being used to support baseless (except for reality) charges against poor Mr. Murdoch and his beleaguered media empire.

Look for this to get zero traction and no oxygen whatever from the U.S. media, because our somnambulent bulldogs of the Fourth Estate are more afraid of Murdoch (toothless and impotent though he is) than they are loyal to the truth.

LASlibinSC

(269 posts)
9. Excellent!
Fri May 4, 2012, 06:08 PM
May 2012

Couldn't have said it better myself...well actually..couldn't say it at all...but glad you did!

 

Aerows

(39,961 posts)
12. You never know, though
Fri May 4, 2012, 06:17 PM
May 2012

Murdoch has made some bitter enemies - and some powerful ones. I agree that they will stand by him for a while, but if it looks like he's going to go down in flames, they won't hesitate to help add fuel to the fire.

 

hifiguy

(33,688 posts)
15. Cameron will eventually bail to try to save his own skin.
Fri May 4, 2012, 06:23 PM
May 2012

The Tories took a horrible walloping in the recent by-elections and defending Murdoch ain't gonna help him repair the austerity-blackened Tory image if such is even possible.

 

hifiguy

(33,688 posts)
11. The old pirate can't sink fast enough for me.
Fri May 4, 2012, 06:16 PM
May 2012

One of the foulest, most morally bankrupt people on the face of the Earth. I sincerely hope this puts Newscorp in the grave, and Murdoch in the one right next to it. May he go down which his ship.

 

Aerows

(39,961 posts)
14. No kidding!
Fri May 4, 2012, 06:18 PM
May 2012

Let him and all the Murdochs go down with that ship. All of them are morally bankrupt. Roger Ailes is also a morally bankrupt slug who should go to the bottom of the sea with them.

quakerboy

(13,920 posts)
16. So you are saying that
Fri May 4, 2012, 06:49 PM
May 2012

The news corporation's hold on British media has been broken? Murdoch no longer has control of the corporation and its holdings in the UK?

Color me skeptical. And even more skeptical that even if somehow his holdings in the UK all crash and burn, even if they were to issue an order to send him straight to jail, and even if Australia were to follow suite, that it would change anything in the US. Or that our government would allow him to be taken off to jail. Ever. Anywhere.

quakerboy

(13,920 posts)
30. Looked to me like the article was
Sat May 5, 2012, 02:23 AM
May 2012

crowing over the death of the Murdoch empire. And a good number of the responses sure look to be doing the same. Which still seems fairly premature to me. I hope to be disappointed in my cynicism. The whole thing has gone far further and lasted longer than I expected it too already.

Smilo

(1,944 posts)
18. Murdoch, NewsCorpse and the rest of the bunch
Fri May 4, 2012, 07:31 PM
May 2012

had wormed their way through the government in Britain - I hope when Murdoch falls - he takes the whole stinking lot with him. And then I hope it comes over here and does the same.

MNBrewer

(8,462 posts)
19. Be careful who you step on on the way up, so they say
Fri May 4, 2012, 07:32 PM
May 2012

Murdock's blood is in the water and the pols sense a chance to rid themselves of him.

 

Rex

(65,616 posts)
21. GOOD! I wish the same would happen to BP and Halliburton!
Fri May 4, 2012, 07:51 PM
May 2012

SO many criminal corporations out there that deserve the exact same treatment.

kenny blankenship

(15,689 posts)
22. Can't happen too quickly IMO. NooseCorp is a fascist racket
Fri May 4, 2012, 08:08 PM
May 2012

that should go out dancing a jig like Julius Streicher.

ShadowLiberal

(2,237 posts)
25. Murdoch is falling apart how in the US? He violated the FCPA, and STILL hasn't been charged
Fri May 4, 2012, 08:18 PM
May 2012

I fail to see how Murdoch and his empire is falling apart in America, for one big reason.

Murdoch violated the Foreign Corrupt Practices Act, with the bribes News Corp. paid to cover up the phone hacking scandal in the UK. Yet Murdoch, a US citizen, STILL hasn't been charged criminally for this, nor has News Corp, or anyone else in News Corp (by the US).

Compare that to Wal-Mart, recently in the news for bribing Mexican officials, and possibly others in other countries. There's criminal investigations by the DOJ against not just Wal-Mart, but over half a dozen top Wal-Mart executives to, who could very well end up going to jail over the bribes they paid.

Murdoch and his News Corp still has a strangle hold over politicians and the news in the US, Wal-Mart however already had a soiled reputation and didn't have enough good will or political influence to protect itself and it's executives from charges for violating the Foreign Corrupt Practices Act.

And those bribes have been known about for over a year now, so no, it's not likely that they're still studying the situation and considering charges.

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