Word: murdochized
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...holder of the key to such a vast market, STAR TV has been the object of an extended bidding war among giant international media companies. Last week a winner emerged: Australian media baron Rupert Murdoch's News Corp., which acquired nearly two-thirds of the fast-growing, money-losing satellite television service for $525 million. In making the buy, Murdoch beat out Britain's Pearson PLC as well as Americans Time Warner and Turner Broadcasting, which were also rumored to be interested in STAR...
...Murdoch has his way, households from Israel to India will soon be invaded by such dysfunctional American families as the Simpsons and the Bundys, both of which now appear on his Fox TV Network in the U.S. Though STAR TV's near- term profitability remains in doubt, there is no question that its programming has already revolutionized the viewing habits and mores of a continent. STAR's early appeal was limited to affluent Asians who traveled frequently and understood English. But satellite dishes can now be found on the roofs of remote farmhouses as well as urban apartment high-rises...
...RUPERT MURDOCH...
...Murdoch to Post: Drop Dead...
...York Post, America's oldest continuously published daily, is apparently out of business; provisional publisher Rupert Murdoch dropped his bid to buy the tabloid after he and the unions failed to agree on cost cuts. The Saturday edition of the paper was canceled, and staff members started cleaning out their desks. The unprofitable paper's fate was left in the hands of a bankruptcy court this week, but plausible new buyers seemed unlikely to appear...