News Corp.
Rupert Murdoch’s media powerhouse, News Corporation, has withdrawn its offer for UK broadcaster BSkyB, amid the phone hacking scandal that has rocked UK politics and the media.
When Mark Zuckerberg announced the death of privacy last year, The Informer thought the little dweeb was talking about Facebook, but recent events in the British media world would appear to suggest otherwise. Never mind the Winkelvoss twins, if anyone can lay claim to prior art when it comes to the innovation of making money from information that people thought was private, it seems to be the British media and police establishments.
Coming as it did just two days before Christmas Eve, the announcement went almost unnoticed. But it was a biggie: Media giant News Corp. divested itself of its ailing mobile entertainment arm, Fox Mobile Group (FMG), selling it to industrial conglomerate Jesta Group, a newcomer to the mobile content scene with interests in a disparate assortment of industries, including real estate, hospitality, manufacturing, technology and aviation.
While analysts expect e-book readers to become a new competition arena for device manufacturers, content producers like News Corp. threaten to derail the model with new pricing schemes.
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