Friday, February 06, 2009
Crazy Quote of the week: Rupert Murdoch: Great Faith in Newspaper
Only three days after the inaugural rally- Buy a Newspaper Day - the Wall Street Journal became the latest newspaper to layoff writers due to decling ad revenue. Despite the warning signs of the industry's collapse, media mogul Rupert Murdoch, chariman of News Corp (NASDAQ:NWSA)was audacious enough to proclaim:
I have great faith in the future of newspaper business.
Rupert, I wonder how much your faith will be tested of the months and years to come.
By Matt O'Hern at 04:40 PM | Comments (2)