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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, May 4, 2007

More on Murdoch

Rupert Murdoch is known for his patience, persistence and charm, and all are apparent in an interview he gave to the New York Times on his aspirations for the Wall St. Journal.  There was also real grit as he spoke of the Bancroft family:

And if a large majority of the family ended up clearly rejecting his bid? β€œIt would be ugly β€” depending on your perspective, it might be admirable too,” Mr. Murdoch said of the way the family would most likely be perceived. β€œI think it would cause quite a lot of argument.

Murdoch is also reaching out to WSJ reporters, talking about the need for capital investment and beefed-up resources for its operations.  See NYTimes, Murdoch on Owning The Wall Street Journal; see also WSJ, News Corp. Plans Strategy To Woo Family, Journalists.

http://lawprofessors.typepad.com/securities/2007/05/new_york_tines_.html

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