Murdoch son says New York Post is Losing over $40 Million a year.posted by skallas at 3:07 PM on January 2, 2004
Lachlan
Lachlan Murdoch , NY Post Publisher, confirms the figure to New Yorker media writer Ken Auletta. At a quarter a copy, the Post "was losing more in circulation revenue than it was gaining in new advertising," Auletta writes in his new book, "Backstory: Inside the Business of News." But what's a few million to Post owner Rupert Murdoch? The Post has lost more than $Half a Billion since he first took it over in 1975, Auletta reports. Paul Colford says the book includes an expanded version of Auletta's Howell Raines profile. See New York Daily News story here. Lachlan's inter-office Memo refuting the Post story is on right. See the whole Memo here.
NY Post Murdoch denies $40M loss figure, but Auletta has it on tape. New York Post publisher Lachlan Murdoch is scrambling to cast doubt on an article that says the Post is losing $40 million a year. Problem is, the $40 million comes from Murdoch himself - and the author of the article has it on tape. See NY Daily News story here.
Bill Moyers on Rupert Murdoch: "He'll take losses on the New York Post and subsidize The Weekly Standard to advance his political agenda, which, of course, is ultimately aimed at the kind of government favoritism that boosts his corporate earning." See BuzzFlash story here.
"I think Murdoch and Ailes had it right," says Salon editor. Salon editor-in-chief David Talbot gives Rupert Murdoch and Roger Ailes credit for realizing there's an audience out there that wants their brand of journalism and commentary. But come on, adds Talbot, "I don't know why Fox dances around it -- they're right-wing. We all know it." Talbot on Howell Raines: "Raines momentarily did make the New York Times more colorful and a better read. It's a banal and timid read. The big picture gets lost." Read the CBS Marketwatch report here.
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Comparing being molested to something as trivial as a video game is the sort of thing that the Post would fire him for if they had any empathy.
posted by Dipsomaniac at 2:48 PM on January 2, 2004