Earlier this week, I wrote Media Industry: The Answer is Quality. Today, Murdoch is saying essentially the same thing: “Quality journalism is not cheap and an industry that gives away its content is simply cannibalizing its ability to produce good reporting. … We can be platform-neutral but never free.” And Chase Carey chimed in on
News Corp. has certainly been the most bold and dramatic dealmaker of 2007. Murdoch gets it. WSJ print revenues were up 7% in October and online revenues were up 30%. I have already discussed, why the WSJ acquisition is a good one, and suggested that the WSJ should go free. This week, Bear Sterns Analyst
Naturally. let’s take a closer look at ZipRealty and Move. ZipRealty, a full-service real estate site, has been reviewed here before. On November 7, 2007, ZipRealty announced 3Q earnings with an increase of net revenues of 7% to $28.0 million, up from $26.2 million YoY. And the number of Zip Agents grew by 30%. However,
I covered Monster (MNST) previously last July touching on how the company was expanding both vertically in the domestic front and on the international front. My main point then was whether Monster could expand enough internationally to get out of its sole reliance on the U.S. market and place hedge footprints in relevant geographies. Q3
Business Week has a good analysis of the prospective demise of WSJ’s subscription business under Murdoch’s regime. “For The Wall Street Journal Online, going free will come at a high cost. The daily financial newspaper is one of the few major publications to successfully charge for access to most of its online content, earning roughly
As expected, Rupert Murdoch has successfully negotiated for himself a position in the Business and Finance vertical with a crown jewel brand, The Wall Street Journal. Here’s my previous analysis on why this deal is a good one. I really like News Corp’s verticalization strategy. James Altucher asked Jim Cramer, “What’s the one thing the
Rupert Murdoch wants Dow Jones. The Bancroft family realizes that they are falling behind. Even though, they own the Wall Street Journal, America’s most important business newspaper and website, they have not been able to capitalize on the brand enough amidst upheavals due to the Internet. Murdoch sees the opportunity to build a global Business