Howell Raines on Rupert Murdoch
Hedge funds are circling, but Rupert may be the one who forces a sale of the Gray Lady.
Murdoch allowed that Escapes was all right as an attempt to thwart the Journal's targeting of young professional women, a key readership group for the Times. Then he added some advice about how to conduct a newspaper war: "You ought to hit them where they live," he said of the Journal. "Go after hard business news and beat them on their strength."
I can't shake the memory because it seems obvious to me that Murdoch now plans to do to the Times what he ...
Full Story »
