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Friday, 30 December 2011

Rupert Murdoch is still making billions whilst the Guardian loses £1M a week.

The following blog is from Guido Fawkes' Order-Order.com. I left out some telling information as it is only fair not to reproduce someone else's blog in full without opening up a path back to the creator. There, you will find information on his other assets including top films from his studios!

Media Analysis You Won’t Read in the Guardian

Today is the last trading day of the year on the New York Stock Exchange, barring any dramatic surprises shares in Rupert Murdoch’s News Corporation will end the day near the year’s highs. If you are lucky enough to own News Corp shares you will have benefited from a rise in value of nearly 10% this year, well outperforming a stockmarket that has flatlined.

Not that you would realise it if you only listened to the BBC or read the New York Times and The Guardian. The latter in particular always slants financial stories about News Corp as if there was widespread shareholder unrest with the Murdochs. Story after story on the media and finance pages of The Guardian quotes shareholders and financial advisers with doom laden sentiments about the Murdochs. Most of those quoted turn out to be activists with political rather than financial priorities…
The fact is that Rupert Murdoch owns the number one daily newspaper in America, The Wall Street Journal, he owns the number one cable television network, the incredibly successful and profitable Fox Network. Sky franchises in the UK, Italy, Germany and Star TV in Asia are the pay-TV leaders generating phenomenal subscription revenues. Murdoch owns the content via television production companies and movie studios. This year Super Bowl on FOX was the most watched TV show in America ever.

In 2011 revenue rose to $33.4 billion, while adjusted operating income increased 12% to $4.98 billion. Cashflow which the owners of the loss making New York Times and Guardian can only dream…

Guardian Media Group is losing £1 million a week, Mirror Group shares have halved in value and the firm has introduced a pay freeze for all workers. Based on the News Corp share price alone, the Murdochs finish the year a few billion richer than they started it.  Despite what you may read in The Guardian or hear on the BBC, the Murdochs are very far from being against the wall and the left hates that.

No one ever got rich betting against Rupert Murdoch….

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