Media Titans Murdoch and Bloomberg at Play in Politics and News

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Having tried and failed to get his hands on Time Warner, Rupert Murdoch is back to king-making. As the man who controls both the Fox News Channel and The Wall Street Journal, he doesn’t exactly have to attend a precinct caucus to exercise political influence. It has been reported that Michael Bloomberg might try to buy the New York Times. Rupert Murdoch has a big national newspaper, and though Michael Bloomberg does not, they are otherwise similarly situated overlords. And so Murdoch’s entreaty to his friend Bloomberg: C’mon in, the water is fine.

Even if The New York Times were for sale, how would it benefit Murdoch to have a rival paper in the hands of an equally moneyed media baron? It wouldn’t, but it is in Murdoch’s nature to stir the pot and create mischief. He’s mostly just having his version of fun, all the while tweaking a competitor, which is another hobby. Watching Murdoch, who controls and owns big chunks of a movie studio, a cable news channel and newspaper and television properties all over the world, and Bloomberg, who owns a worldwide terminal and data business, along with various media assets, it’s easy to guess that the empire-building is all part of one, huge unified plan.


Media Titans Murdoch and Bloomberg at Play in Politics and News