Saturday, July 21, 2012
Rupert Murdoch Resigns from British Newspaper Boards
From the article:
Privately, Mr. Murdoch had been convinced that his beloved British newspapers, two of which make significant losses, were becoming a financial and reputational drag on the rest of his interests, according to a person familiar with his thinking. There has been consistent speculation that he would seek to sell the newspapers entirely once dozens of impending lawsuits alleging phone hacking have been concluded.
Note from Suzannah:
1) hard to believe no hacking NYC and LA....
2)Murdoch should never ever have closed the paper and laid off honest workers but fire his top players instead of protecting them.
3) pinch me -- Mort Zuckerman hiring Colin Myler -- the NYDN resembles The NY Post now but makes the Post look better -- the NYDN website is now awful. Myler should return to London and will he be named in lawsuits?
4) Murdoch may be old but he appeared to be eating testosterone from breakfast lunch and dinner -- hard to believe he would give up control of anything?