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Topic History of: doom and gloom in the Sun King's realm
Max. showing the last 5 posts - (Last post first)
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DJones |
Pali Research has changed its "Buy" recommendation to "Sell" and dropped the News Corp stock target price to $5.50 from $12.
Fiscal (June) 2009 operating income expected to decline 30%, with TV profits down 80%, newspapers down over 50%, book publishing down 90%, and filmed entertainment down almost 30%. |
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emmapeelfanclub |
BR wrote:
would be good to see the Evil Empire crash and be broken up.
Now that would be a dream come true. |
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BR |
would be good to see the Evil Empire crash and be broken up. |
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veritas |
Just as the fragrant Rebeccah Wade gives a rivetting speech trolling the virtues of the glorious News of The World, cracks begin to appear in Rupert Murdoch's empire :
www.crikey.com.au/Media-Arts-and-Sports/...ws-restructures.html
"One went recently from Holt St corporate affairs. Late last year the Holt St editorial training manager went and has not been replaced. But in truth there are no areas of the organization -- from Hobart to Cairns -- that haven't been touched.
Everywhere there are sub editors missing, local and suburban newspapers being filled by less than one reporter, cuts to training, cuts even to the number of newspapers staff are allowed to order. News Limited middle managers tell me that it is now at the stage where more cuts can’t be made without restructuring and rethinking the way business is done in some areas of the Australian empire.
Today’s meeting at Holt Street will doubtless prepare for Rupert’s visit next week in preparation for his mother’s 100th birthday. There will have to be an action plan for the year ahead."
Meanwhile, it was reported yesterday that the US based market analyst Pali Research downgraded News Corporation from buy to sell, citing a lack of strategic direction from Rupert himself."
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I'd rather poke sharp needles in my eyes than be at a meeting with Murdoch on the rampage..all hell breaks loose as everyone else is deemed responsible for failure (other than the Sun King).
Whilst his UK operations still remain very profitable, they are carrying the dead weight of his investments elsewhere : India, China and Australia. I expect the infamous Fox News in the USA to take a real hit, unless they dramatically alter the format. Right-wing windbaggery is sooo yesterday and Murdoch needs to move fast if he doesn't want to lose viewers in the thousands.
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