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Posts Tagged ‘Rupert Murdoch’

According to reports from Reuters, Rupert Murdoch and News Corp, are in no hurry to let go of Myspace. The group bought the networking site for $580 million in 2005. However it has since then faced strong competition from other networking alternatives such as Facebook and of course twitter which is speedily becoming more popular. The News Corp chief executive has however warned against investing in twitter.

“Be careful of investing here,” he said of Twitter. it seems the site has yet to show serious ways in which it could bring profits for investors.

When speaking on Facebook he stated “Facebook is like a directory, How they make money is another matter.” The opinions of many investors may differ though, as Speculation at the 27th Sun Valley conference were still running rampant over which company might want to buy Twitter.

The service, which lets people post to Web what they are thinking or doing in 140 characters or less, is growing in popularity. While Myspace in recent months has had to cut jobs in both the United States and abroad, it is deemed that figures reaching around 30 per cent of the Myspace international staff have been laid off. Murdoch’s confidence however could prove enough to sustain the venture.

Reported by Michael Adeyemi

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It is been reported that News corp New President and COO could be earning up to $43 million in his first year at the job which includes salary and bonuses.

Really? $43 million…Come on Rupert!!!
Do you think this guy is worth it??

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I really don’t know why everyone really has an issue with this guy, i totally understand all this monoply thing.

Anyways, moving quickly, we look at the Australian-born American global media mogul.

The top leading investor in satellite television, the film industry, the Internet and the media.

Five key things about rupert murdock

1). He owns media outlets and is a major shareholder, chairman and managing director of News Corporation (News Corp).
2). Murdoch is the 132nd-richest person in the world.
3). He has a net worth of $4 billion.
4). Murdoch has been married three times.
5). Murdoch was born in Melbourne, Victoria. At the time of his death Keith Murdoch (Rupert’s father) was heavily in debt, but possessed within a private family trust

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