Word: murdoch
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...Independent newspaper, visited the offices of the rival Guardian last year, he was asked why he wanted to buy a struggling paper. The Independent sells only around 100,000 copies in the U.K. on a typical weekday, trailing London's four other quality dailies - the Daily Telegraph, Rupert Murdoch's Times of London, the Financial Times and the Guardian - and consistently loses about $15 million a year. Lebedev, whose first experience in London was as a KGB agent in the 1980s, offered a characteristically enigmatic response: "Well, either I am a Russian spy, or I am mad, or I believe...
...media landscape is changing by the day in London. Murdoch's News Corp. announced Friday, March 26, that it will start charging consumers ?1 ($1.50) a day or ?2 a week to access the websites of the Times of London and the Sunday Times. James Harding, editor of the Times of London, said the move was a "big risk but less of a risk than throwing our journalism away." Murdoch's Wall Street Journal has done relatively well charging for its online edition, with 407,000 paying subscribers in the six months ending Sept...
...What the hunt for a famous name shows is that Lebedev does not plan to conduct business as usual. A celebrity editor will generate publicity and, it is expected, oversee a repositioning of the title toward the center ground currently held by the Times of London. But battling with Murdoch, and indeed vying with the rest of London's ultra-competitive Fleet Street, is not for the fainthearted. (See pictures of Rupert Murdoch...
...gran capo's business interests (which also include publishing, real estate and financial holdings beyond the core television company). Indeed, critics say that Mediaset has relied on favorable legislation in its recent efforts to undercut the Sky Italia satellite TV network set up by Berlusconi's rival, Rupert Murdoch. (Read "Berlusconi vs. Murdoch: Italy's Real Reality...
...continues to struggle across the country - the owners of the Denver Post have just become the 13th newspaper company in as many months to announce their filing for bankruptcy protection - many newspapers are trying to figure out ways of cauterizing the losses. Charging for content is a favorite; Rupert Murdoch has announced he will do the same for all his newspaper companies in the near future...