Rupert Murdoch on this and that
April 11, 2014
Rupert Murdoch may own a media company, but he hasn’t been big on sitting for interviews the past few years.
Yet Fortune coaxed the 83-year-old billionaire, the chief executive officer of News Corp., into his first wide-ranging chat since 2009. It came months after his marriage to Wendi Deng broke up and weeks after News Corp. brought Murdoch’s elder son, Lachlan, back into the fold following his 2005 exit from leadership of the company.
You can read some of the interview here, but the bulk of it is behind a paywall. Here are a few of the highlights:
* Murdoch admits that while he was “reluctant” to spin off his company into two units, it was the right move.
* But he disputes the notion that cost-cutting is the most effective approach for newspapers right now.
* He’s had a very distressing, very tense year what with the divorce.
* He admits that some things about his divorce caught him off guard.
* But he notes that he has a much thicker skin than his critics give him credit for.
* He remains pleased with the acquisition of Dow Jones, and while he admits the New York Post could be online-only within 10 years, he thinks The Wall Street Journal will stay in print for another two decades.
* He admits to many mistakes with the purchase of MySpace.
* And he regrets not hiring Facebook’s Mark Zuckerberg to run the social media company.
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