Murdoch's News Corp. No. 1 media company in the world with $67.8 bil: Tops Time Warner

[DeepModem Mom]

Source: Hollywood Reporter

By Paul Bond
Oct 22, 2007

About the same time that Rupert Murdoch was telling shareholders that his beloved News Corp. had become the world's most valuable media conglomerate, the company's worth was in the midst of sinking by $1.53 billion. But Friday's massive stock market sell-off didn't alter Murdoch's message. By the end of Friday trading, News Corp. sported a market capitalization of $67.79 billion, larger than Time Warner, the former biggest media company in the world....

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When it was all said and done Friday, the list of the world's largest media conglomerates, based on market cap, looked like this: News Corp. was first at $67.79 billion, followed by Time Warner ($67.32 billion), Disney ($65.62 billion), Sony ($45.29 billion), Viacom ($26.98 billion) and CBS ($21.11 billion)....

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That News Corp. now ranks No. 1 in market value is no surprise to some analysts who have been bullish on News Corp. all year, touting such well-performing assets as the Fox News Channel and the MySpace Internet property.

But before Murdoch toots his horn too loudly over News Corp.'s market-cap dominance, he should know that his victory has been less about his gains and more about the competition's losses. That's because News Corp. shares are up just 2.3% so far this year, while Time Warner shares have lost 16.8% and Disney shares are down 1.4%....

Read more: http://www.hollywoodreporter.com/hr/content_display/business/news/e3i729f8835496e3ace5be346c06e9db2f7

[physioex]

1. All the better to read.....

Blogs and get the news from alternate sources than corporate right wing media.

[Kaleko]

4. Yep. Has there been a campaign telling corporate media we're boycotting them yet?

[ooglymoogly]

2. Who reads or listens to corporate propaganda anymore

It is a dying, lying, rotten to its bones dinosaur.

[ClintonTyree]

5. Middle America.....

people in the "heartland", Mr. and Mrs. Joe Sixpack, "senior" citizens. THESE are the people who still listen to the corporate media and are grossly ill-informed because of it. In short, the majority of Americans. The majority that get people elected. The majority that believe the "news" they get in 30 second snippets is the total truth and that they need know nothing else to make an informed decision.

That's who listens to them, and it scares the hell out of me.

[GTurck]

6. Senior citizen who doesn't

My husband and I get most of our news from the net, local papers, liberal magazines, and the weather from MSM and we are definitely senior citizens although we both prefer "old". Don't generalize so much about the "heartland", "Joe Six pack", "seniors". A lot of us think and act like anyone else against what is happening in this country. We are also working to pull the exhausted, over-worked, panicked up from their doldrums so that they can see the horizon of hope and understanding again.

[ooglymoogly]

9. Me too nt

[ClintonTyree]

11. Why do people always do this?

Of COURSE I'm not talking about EVERYONE in those groups, but that doesn't stop some from always claiming that I am. :eyes: FYI....I'm one of those "seniors" myself and a majority of my peers are clueless morons.

As always, what I'm claiming is that a MAJORITY of people from those groups DO get their information from those sources and are ill-informed jackasses because of it. I think even you'll have to admit to that. If they weren't, there wouldn't be the vast number of uninformed people in this country right now.

[ooglymoogly]

10. Yes but it is still dying.

[saracat]

3. And this is why the so called "media" has anointed Hillary, Murdoch's candidate!

She is bought and paid for and now has his enormous media power!

[onehandle]

7. And we let him become an "American" to take over our media.

We deserve a news network for the ignorant.

[ooglymoogly]

8. Can't a we revoke a citizenship if the newly anointed citizen

is engaged in treason and grossly lying to the public at large to further an agenda.