Re: Let Preet Bharara Have at Him!
tokyogai
4/30/2012 8:45:24 AM
Scott- I agree completely. Maybe de-throning Rupert would be very good for the shareholders. The fact that the news has not had a big negative effect would seem to mean that many shareholders feel the same way. No matter how you look at it, it seems the empire is showing some signs of crumbling.
Re: Let Preet Bharara Have at Him!
Phoenix
4/29/2012 8:22:29 PM
I agree mInvestor. It is hard to tell what will happen next. But I believe Scott's take on the stock is right. People have now got used to how quickly things change and it takes a lot more to shock them.
Re: Let Preet Bharara Have at Him!
AskAsa
4/29/2012 8:04:55 PM
I agree.
As we have seen so often its not the crime - its the cover up.
Perjury will do in the bunch of them.
Re: Poor Rupert, stock up 10% year-to-date
Fred Goodman
4/29/2012 6:58:12 PM
@Noreen, you said "Zachery and jayson were frauds, but as far as I know they were not part of a management sanctioned illegal scheme."
After Zachery "resigned" from the NYT he was terminated two months into his next job. Apparently he was not vetted by the Times because he fit their corporate culture and mindset, the same was true of Jayson. The NYT has an agenda and publishes only the news that fits it (to modify their mission statement of 1896, as has been done many times since Rolling Stone did it in 1969.)
One does not have to lie, as they did, to give the public the wrong impression. Simply leaving out some stories while emphasizing others is just as effective.
Here's an example of their reporting. If you Google: "Nidal Hasan" you get 400 thousand results for the 2-1/2 year-old Fort Hood Massacre, but if you Google: "Robert Bales" you get 1.9 million results, and the killing of 16 Afghans happened just 6 weeks ago.
Why the difference? Well, in my opinion the difference is the reason so many people have dropped their subscriptions to the Times.
I expect one thing from a newspaper -- facts. Sure, I value their opinions and interpretations when they are labeled as such and appear in the editorial pages, but I don't need the selective omissions and emphasis to fit their agendas and help one or the other political party.
You also said. "My Guess on the nyt is that it has priced itself out of too many subscribers. It is an investment to get the nyt 7 days a week. If someone wants a less expensive and frankly more entertaining option they will subscribe to the ny News or the Ny Post."
If I want entertainment I can go to the movies, read a novel or watch TV. I can even go to a "news" magazine with a known bias. I don't need a newspaper to entertain me in its news section. If they want to include entertaining stories elsewhere in the paper, fine, but if I want the facts I want just the facts and will go to Drudge for them.
Re: Poor Rupert, stock up 10% year-to-date
Noreen Seebacher
4/29/2012 8:54:39 AM
Zachery and jayson were frauds, but as far as I know they were not part of a management sanctioned illegal scheme. My Guess on the nyt is that it has priced itself out of too many subscribers. It is an investment to get the nyt 7 days a week. If someone wants a less expensive and frankly more entertaining option they will subscribe to the ny News or the Ny Post.
Re: Poor Rupert, stock up 10% year-to-date
Fred Goodman
4/29/2012 2:34:48 AM
For the sake of journalism the New York Times has contributed:
Zachery Kouwe
Jayson Blair
and a host of articles complaining about how Scott Walker, Governor of Wisconsin is taking away the pensions of the unionized workers, while at the same time acting to take away the pensions of the New York Times unionized workers. A tad hypocritical I would say.
Watch it here
Re: Let Preet Bharara Have at Him!
mInvestor
4/29/2012 1:11:56 AM
@Scott,
That would be my interpretation as well. Meanwhile, Fred asked a valid question: why Pinch and his New York Times are down 22% over the same period. Sometimes the market is mysterious.
Re: Poor Rupert, stock up 10% year-to-date
Noreen Seebacher
4/29/2012 12:14:26 AM
All I can says that i hope not, for the sake of journalism!
Poor Rupert, stock up 10% year-to-date
Fred Goodman
4/28/2012 11:03:42 PM
Well Marvin, rather than wondering why poor Rupert's stock is up 10%, why not wonder about poor Pinch and his New York Times which is down 22% over the same period? Maybe Rupert knows something Pinch doesn't.
Agree with Scott - isn't this already priced-in?
If I were a stockholder of News Corp. (NYSE: NWS), my biggest question would be about the transition to online. Print is dying. Traditional, real-time TV is losing ground to new media like DVR, X-box, etc. Most of these alternatives make it easier to skip the ads.
Instead of talking about 1972, I would want to know more about what went wrong with MySpace; which News Corp sold last year for just $35 Million. News Corp owns a lot of content. How are they getting it online in ways and formats that people enjoy and are willing to pay for?
PC
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