Rupert Murdoch Looking For More Subscriber-Based Properties

Filed under: Deals, Products and Services, Internet, Competitive Strategy, Marketing and Advertising, News Corp'B' (NWS), Entrepreneurs, Stocks to Buy, Technology

Trading is upward and active today, on shares of Rupert Murdoch's News Corp. (NWS). News Corp shares have gained over 6%. The share hike is in reaction to News Corp's bid to completely swallow UK satellite service provider BSkyB. Bloomberg reports that News Corp's current offer of $11.5 billion has been kindly rejected by BSkyB. Apparently, that company is asking for a bid increase of some 14%. Indications are that the negotiations are amicable and moving forward.



The question is, has Rupert Murdoch lost his mind? I would have to say not. Murdoch has made it quite obvious that internet content by subscription shall be his unflinching business model. He's chosen his path, and he's sticking to it, come hell or high water.

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Rupert Murdoch Looking For More Subscriber-Based Properties originally appeared on BloggingStocks on Tue, 15 Jun 2010 17:30:00 EST. Please see our terms for use of feeds.

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