NYTimes.com: Rupert Murdoch’s fondness for newspapers ‘has become a significant drag’ for News Corp

Rupert Murdoch has his own office at the Wall Street Journal, built within days of buying it, comments the New York Times. He is ‘as much old-fashioned press baron as 21st century multimedia mogul,’ the piece continues. “But, he faces a depressing reality: his lifelong fondness for newspapers has become a significant drag on the fortunes of his company, the News Corporation.”

Full story at this link…

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