The Fall and Rise and Fall of Danwei’s Mentor, Rupert Murdoch – Danwei

From Danwei:

Now that Rupert Murdoch has proven that Western companies can’t get ahead in China through flattery, nepotism and the back door, we at Danwei will have to have to find a new model for our business.

In case you didn’t know, Rupert is the world’s last true media mogul – his company, News Corp., owns everything from 20th Century Fox Studios to ultra-conservative Fox News to the tabloid New York Post. Last week, Rupert stunned the media world by ditching most of his stake in Hong-Kong based Phoenix TV. In dropping from 38% control of Phoenix to 18%, Rupert indicated that a recent string of failures has forced him to scale back his dream of extending his broadcast empire to China. [Full Text]

June 17, 2006 7:53 AM
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