Murdoch: No deals for News Corp. in Sun Valley

JsHost = (("https:" == document.location.protocol) ? Murdoch: No deals for News Corp. SUN VALLEY, Idaho (AP) — News Corp. Chairman Rupert Murdoch plans to forgo making deals at this year's Allen & Co. media retreat, dampening the five-day event renowned as an incubator for big-time media and Web combinations."Not today, not this week," Murdoch told reporters Wednesday morning on his way to the annual retreat's opening breakfast. Murdoch built his media and entertainment empire through brash dealmaking at Sun Valley and elsewhere, including last year's purchase of Dow Jones Co., publisher of the Wall Street Journal.Murdoch's presence signifies the importance of the Allen event, but his certainty that no deals are afoot underscores the uneasy times facing many media and Web moguls.Many of them arrived this year at the closed event with their stock prices at multiyear lows as investors increasingly question how media companies are addressing the loss of advertising revenue to the...
Originally from: http://ap.google.com/article/ALeqM5jh1odv_uDX-5m78ecVnIk1nKE_SQD91QHS2G2

1 Kommentar 23.7.08 09:38, kommentieren