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.

Posted By Matt O'Hern at 04:40 PM
Permanent Link: Crazy Quote of the week: Rupert Murdoch: Great Faith in Newspaper | Comments (2)

(2) Comments on Crazy Quote of the week: Rupert Murdoch: Great Faith in Newspaper

Hi Matt: I was wondering where you found this quote by Murdoch.. I've seen it reported but haven't been able to trace the source! any info you could share would be much appreciated. Thanks a lot!

Zane

Comments by zane : Wednesday, February 11, 2009 at 10:37 PM

Check the Drudge Report Archives. Thanks for reading marketingshift.

Comments by Matt O'Hern : Thursday, February 12, 2009 at 11:33 AM

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