Another reason to hate Rupert Murdoch....he'll destroy the NY Times

Apparently advertising revenues at the New York Times (my favorite paper) are down considerably and the Sulzberger family (majority shareholders) are getting worried about their waning dividend receipts (just had to cut the dividend again to preserve cash flow). Consequently, a internal family argument may ensue giving slimy a**hole Rupert Murdoch the chance to buy up the Times and then undoubtedly turn it into a cheap, tawdry publication (he's already done it to The Sunday Times in England and the New York Post).

Hat tip to 24-7 Wall Street.

Who wants to buy a troubled newspaper company with a large internet operation? Why that would be Rupert Murdoch of News Corp (NWS), who recently bought Dow Jones from another dysfunctional family. Murdoch could dump the money-losing regional newspapers NYT owns, sell-off its Internet search business, About.com, and end up with the most well-respected paper in the United States.

Murdoch has the benefit of being able to combine some back office and production facilities with his New York Post. that could save him a nice chunk of money. He might even combine some of the NYT reporting functions with the ones he has at the Journal.

And, he would be, in his old age, the King of All Media in America.

I AM SURE WE ALL HAVE OUR OWN OPINIONS OF MURDOCH BUT THIS LAUGHING ADMISSION BY RUPERT ENSURES THE MAN A PLACE IN HELL:



BY THE WAY RUPERT, IRAQ ISN'T AN "ENTERPRISE" IT'S A F**KING WAR.