Wednesday, July 13, 2011

Good Bet 

A few days ago, I bet here that killing a newspaper wouldn't free Rupert Murdoch from controversy.  I'm a lousy bettor but for once, I was right.  Murdoch has more problems than he can handle now with the government turned against him.  To put it another way, once one has lost his reputation, there is little he can do to protect himself.  Murdoch, who made and broke politicians, is now being twisted by the same people who used to court him.  It's ugly but seemingly inevitable.  And, some would say about time.

Update:  Murdoch has abandoned his bid for BSkyB, the satellite TV operation.  He must understand how extreme the circumstances are and the need to protect the shreds of his company's reputation.


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