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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums“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:
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 Murdochs company, News Corporation, may not be strong enough to withstand all that is still to be thrown against it. He quotes Michael Wolff, Murdochs most obsessive (and most bet-hedging) chronicler, as writing that whats 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
Fumesucker
(45,851 posts)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)Fox Network News then I will believe he is in trouble.
The Velveteen Ocelot
(115,270 posts)Hope Faux Snooze goes with it.
LiberalEsto
(22,845 posts)Ta-ta!
edcantor
(325 posts)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?
it would be great to have some of those stuffed up assholes feel some economic pain and fear.
marmar
(76,982 posts)Whisp
(24,096 posts)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)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)Couldn't have said it better myself...well actually..couldn't say it at all...but glad you did!
Skittles
(152,964 posts)Aerows
(39,961 posts)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)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.
malaise
(267,800 posts)but I fear you may be right
hifiguy
(33,688 posts)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)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
(13,901 posts)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.
October
(3,363 posts)quakerboy
(13,901 posts)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.
TomClash
(11,344 posts). . . afeckin' Irish wake.
AndyTiedye
(23,500 posts)TomClash
(11,344 posts)AndyTiedye
(23,500 posts)Smilo
(1,944 posts)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)Murdock's blood is in the water and the pols sense a chance to rid themselves of him.
Rex
(65,616 posts)SO many criminal corporations out there that deserve the exact same treatment.
kenny blankenship
(15,689 posts)that should go out dancing a jig like Julius Streicher.
ShadowLiberal
(2,237 posts)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.
BadGimp
(4,009 posts)Me happy
ProfessionalLeftist
(4,982 posts)When that changes...well then we'll have some progress.