First the collapse of capitalism (as previously discussed) now this. US analysts Pali Research have downgraded News Corporation from buy to sell.
While we have long viewed Rupert Murdoch as the most visionary CEO in the media sector and one of the only CEOs willing to make long-term strategic investments (regardless of the near-term earnings impact or public investor views), we are increasing surprised/frustrated with his lack of strategic direction related to News Corp’s television station, newspaper and book publishing assets …
Oh dear. That might not make Rupert a happy Rupert. Which might not be good news for others.
Get Crikey FREE to your inbox every weekday morning with the Crikey Worm.