Fox News continues to lose viewers, but remains highly profitable. How can a network lose viewers, but increase profits? The answer is that Fox News demands the highest licensing fee from carriers in all of cable news. All subscribers pay an additional seventy eight cents a month to have Fox News carried on their system. This was an 11% increase in 2011 and one of the main reasons why Fox News can lose viewers, but set a record for profits.
Even if you never watch Fox News, as long as it is carried by your cable or satellite system, you are still adding to Rupert Murdoch’s fortune. If people really want to stop Fox News, they need to be pushing Congress to pass a la cart legislation that will allow viewers to pick and choose the networks that they want to pay for instead of being forced to subsidize channels that they can’t stand.
News Corp. honcho Rupert Murdoch threw his weight behind Congress’ attempt to restrict the Internet, personally lobbying leaders on Capitol Hill Wednesday for two measures that purport to combat piracy.
Murdoch’s media empire is among some 350 large corporations that have come out in favor of the Stop Online Piracy Act in the House, as well as theProtect IP Act in the Senate.
Both measures would require Internet operators to police activity online, and would mandate Internet giants like Google and AOL (the parent company of The Huffington Post and an opponent of the bills) and credit card companies to take down sites that have content deemed to be in violation of copyright rules. (here)
I don’t like posting much on Sunday, but this one needs to be I guess…
I enjoy HarperOne’s publishing, but as I have stated before, I am not a fan of Zondervan because of the bible thing. I don’t like bible publishers owned by the likes of Murdoch. Now, Thomas Nelson will join that group as well:
HarperCollins Publishers today announced that it has entered into a definitive agreement to acquire Thomas Nelson, Inc. for an undisclosed sum. The acquisition, which is expected to close by the end of the calendar year, is subject to regulatory clearances and other customary closing conditions.
Thomas Nelson is one of the leading trade publishers in the United States. The Company provides multiple forms of inspirational content including: books, Bibles, e-books, journals, audio, video, curriculum and digital applications available for download on “smart” electronic devices. It has published some of the bestselling books in the industry, including the current #1 bestseller Heaven Is For Real, and the books of many popular authors, such as Billy Graham, Max Lucado, and Dave Ramsey. Here.
Wow… I go to China…. and Rupert Murdoch owns over half of the bible-publishing market.
A protester attacked News Corp. Chief Executive Rupert Murdoch with what appeared to be a plate of shaving cream at a British parliamentary committee hearing Tuesday, as lawmakers grilled Murdoch and his son James over a phone-hacking scandal that has swept Britain.
Now, with the breaking news that News Corp’s British unit has been found to have broken numerous laws and with the prospect that it may have happened in the States, I think it is time to re-examine the issue of Zondervan and Christian support of that publishing unit.
Most people know now that Rupert Murdoch presides over the News Corp media empire, and that he is fighting for his reputation after being forced to sink his scandal-laiden British newspaper News of the World, the most widely read English tabloid in the world. But few people know that Murdoch also owns Zondervan, the world’s largest publisher of Bibles. For 23 years, the News Corp family has included the leading seller of the best-selling book in history.
I know many Christians see the Bible’s publishing stature as validation of their chosen faith, but a savvy entrepreneur could simply see it as a business opportunity. Or perhaps the 80-year-old Murdoch, like any shrewd businessman, wanted diverse investments – a diversity that in his case ranged from a cleavage-saturated tabloid that ran headlines like, “F1 Boss Has Sick Nazi Orgy With 5 Hookers” to a publisher that offers Little Lamb’s Storybook Bible.
I’m not sure today how I feel about this today. I think about HarperOne which is not expressly religious but has published Rob Bell and N.T. Wright and I am not so much up in arms about that as I am about Zondervan which publishes the NIV and the NASB.