Murdoch makes a bold move

18 July, 2014

Rupert Murdoch has made a bold move to add Time Warner to his US news and entertainment media empire.

The bid, currently worth at least $100 billion, involves massive interest payments and attendant risks.

Murdoch watcher and investor Stephen Mayne has been looking at the sums.

Terry Flew, Professor of Media and Communications at Queensland University of Technology, has a different take. He sees Murdoch’s bid as a defence against encroaching giants Google and Apple.

Update, 8 August, 2014

Early in August Murdoch announced he had withdrawn his bid. He said Time Warner had refused to engage with him.

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