Murdoch’s eying bigger things...
Wha
t befalls when one shareholder holds the magical key to all decision- making? Crudely, is Rupert Murdoch’s thumping 92.3% voting right in News Corp. justified? Well, for the records – it is! His endeavours to build the $70 billion media empire speak volumes about his capabilities. And the latest is his bold $5 billion bid for Dow Jones & Co. on May 1. Of course, the Bancroft s, who own 24% economic interest & 64.2% voting rights in Dow Jones, aren’t so overwhelmingly pleased. Furthermore, one wonders what makes Murdoch so excited? While pocketing an entity which owns brands like The Wall Street Journal (WSJ), online news-services Market watch and Dow Jones Newswire, makes sense, isn’t $5 billion (premium of 65% over its mcap on May 1) a bit too much?
For Complete IIPM Article, Click on IIPM Article
Wha
t befalls when one shareholder holds the magical key to all decision- making? Crudely, is Rupert Murdoch’s thumping 92.3% voting right in News Corp. justified? Well, for the records – it is! His endeavours to build the $70 billion media empire speak volumes about his capabilities. And the latest is his bold $5 billion bid for Dow Jones & Co. on May 1. Of course, the Bancroft s, who own 24% economic interest & 64.2% voting rights in Dow Jones, aren’t so overwhelmingly pleased. Furthermore, one wonders what makes Murdoch so excited? While pocketing an entity which owns brands like The Wall Street Journal (WSJ), online news-services Market watch and Dow Jones Newswire, makes sense, isn’t $5 billion (premium of 65% over its mcap on May 1) a bit too much?For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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