http://media.guardian.co.uk/mediaguardian/story/0,7558,1115971,00.htmlRupert Murdoch enters 2004 as, arguably, the world's only real
media mogul having just concluded a takeover of America's
largest satellite pay-TV channel. While others have fallen by the
wayside, the man who owns 30% of British national newspapers
and controls Sky continues to flourish. But how long can this
72-year-old keep it up? The acclaimed US media commentator
Michael Wolff has spent years watching - and often mocking - the
tycoon's every move, and those of his rivals. Here, in exclusive
extracts from his new book, Autumn of the Moguls, Wolff analyses
what drives Murdoch and describes how they met for an
impromptu dinner - and what happened when they finally had a
proper meeting
Monday January 5, 2004
The Guardian
The fact that Rupert Murdoch's people are paying me good money to write
about the end of Murdoch and his ilk may actually reflect one of my basic
points about mogul kingdoms - AOL Time Warner, Vivendi, Viacom,
Disney and News Corp. They're always being subverted. Any megamedia
conglomerate is really, as anyone who has worked in one knows, a
confederation of more or less non-cooperative parts. It's quite possible
that only in periods of acquisition, sale or big share-price losses do the
people who work for a mogul acually personalise their part in his grand
scheme and do their literal follow-the-mogul duty. Otherwise mogul
employees are mostly able to passive-aggressively defy, if not ignore,
their mogul master.
And yet equally, I've wondered in my paranoid moments if I might not be a
pawn of Murdoch's doing what he wants me to do, which is to make the case
that he's a lot less powerful than he obviously is.
Moguls want power, but they want it with a certain order of ritual
deniability. Indeed, Murdoch, claiming that his influence is greatly
exaggerated ("We're minnows," he's said), is constantly engaged in an
effort to waive whatever media ownership rules have not yet been waived.