Columbia Journalism Review mentions the ever-growing losses of the Murdoch empire. When Rupert finally meets his maker, his so-called empire will certainly change greatly. The arrogance of his current editors will dissipate very quickly. The poor dears:
What lengths will Rupert Murdoch go to support his newspapers?
Last year, The Wall Street Journal lost $80 million. The New York Post lost an estimated $70 million. And we find out today that The Times of London and Sunday Times lost a staggering $132 million last year.
Four papers, $282 million in losses. While in the short-term we’re glad such largesse is keeping journalists in jobs, such losses aren’t sustainable for long.