He loves to peddle the tawdry and twist reality. His London papers, The Sun and the recently-deceased criminal enterprise The News of the World, do and did regularly soil the streets of that city. Here, The New York Post carries the same tawdry gene.
As is the case with the always-failing Moonie-owned Washington Times, the paper hasn’t earned a single dime in profit since Murdoch bought it in 1993. For a few years, he even dropped the price to 25 cents to prop up circulation (about 600,000). For comparison’s sake, The New York Times sells – in the City alone – about a million and a half papers every day and still makes a tidy profit.
That price by the way? The 25 cents? That was the cheapest single issue price in the country. (Have you noticed that keyboards no longer have a key for the cent sign.)
To support this rich man’s toy and to keep it on the streets so as to maintain a powerful voice advancing his own interests, both political and financial, costs Murdoch $70 million a year, almost a billion and a half dollars since ’93.
Calling Lou Dobbs . . . your show on the FOX Business Channel might want to report on such an epic business fail.