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13 Jul 2011 10:28

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Biz, World: Rupert Murdoch’s BSkyB deal straight-up goes bust, painfully

  • We believed that the proposed acquisition of BSkyB by News Corporation would benefit both companies but it has become clear that it is too difficult to progress in this climate.
  • News Corp. chairman Chase Carey • Explaining why the company chose to drop out of the coveted BSkyB deal  which they had been gunning for for a while. However, this mess with News of the World happened, and here we are. Right now, the company’s problems center on the United Kingdom, but Sen. Jay Rockefeller is threatening to give them some increased stateside scrutiny. This could be bad. source
Posted by Ernie Smith • 0 Comments • Permalink

04 Nov 2009 23:55

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Tech: News Corp. admits to screwing up Myspace pretty badly

  • I think we got spread a bit wide and thin and what we’re focusing on is sort of the heart of our business going forward really being a social network around key content. We’re not trying to compete with Facebook or beat Twitter. We’re trying to create a unique experience.
  • News Corp. President and Chief Operating Officer Chase Carey • Describing the ball of (#^(@-up the company’s 2005 acquisition of MySpace turned into. They let the site get lazy and fat and flabby. Now they’re just trying to turn it into a music and entertainment company or something. Tom is probably crying himself to sleep knowing that most of his friends are on Facebook now. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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