Murdoch dynasty 'will end'

[lovuian]

http://feeds.bignewsnetwork.com/redir.php?jid=dc2da23b394f727b&cat=3a8a80d6f705f8cc

Empire likely to be broken up after founder's death, says former lieutenant

Richard Wray
Monday August 1, 2005
The Guardian

Rupert Murdoch's News Corp media empire is unlikely to survive intact beyond its founder's lifetime and will be broken up, according to a former Murdoch lieutenant.
The prediction by Andrew Neil, the ex-Sunday Times editor, follows the decision by Rupert Murdoch's eldest son, Lachlan, to leave his job as News Corp's deputy chief operating officer to return to Australia. This has prompted speculation that his younger brother, James, BSkyB's chief executive, will now inherit the business when his father dies.


snip...

Mr Neil warned yesterday that the media empire, which encompasses newspapers to a Hollywood studio, is much more likely to be broken up when the founder dies. Waiting in the wings is John Malone, the cable magnate whose Liberty Media group last year built up a stake of just under 20% in News Corp.

Industry experts believe Mr Malone, whose assets include the home shopping channel QVC and half of the Discovery television channels, is interested in cherry-picking News Corp assets and will move to prevent any Murdoch heir assuming his father's mantle.

more...

This is a good reason why men are mortal!!! Ask the egyptians with their dynasties!!!

[Moderator]

1. Duplicate topic

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1669316