Salon vs. Fox [Kevin D. Williamson]
Salon.com, now reprinting verbatim reports from the hysterical ninnies over at Media Matters, is predicting a tough year for Rupert Murdoch & Co. True, the Fox Business Network is off to a slow start, but I remember when all the smart people thought Fox News would turn out to be a failure. I'm not sure I'd bet against Rupert Murdoch—especially if I worked for Salon, a company that has seen its share price decline from a high in the $300 range to $1.64 and which is currently losing $1.17 per share. News Corp's gross profit for 2007? $10 billion. (Salon's performance does make me feel better about those $22 Journal Register Co. stock options mouldering away in my sock drawer.)
Meanwhile, the big news from Fox Business is the fact that they will be able to use WSJ reporters.
*A helpful reader points out that on the second reference I gave Deroy Murdock's surname to Rupert Murdoch.
01/31 03:23 PMShare