Breaking Up is Not so Very Hard to Do; Media Conglomerates  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8841 (Jun. 2013), page 57-58.
Topik: News Media; Spinoffs; Trends; Business Ownership; Publishing Industry; Broadcasting Industry; Conglomerates

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Rupert Murdoch, the billionaire founder of News Corp, recently filed for divorce from his third wife, Wendi Deng. This is not the only break-up he is going through. On June 28th his company will split in two--shares in both parts began trading this week--with most of its lucrative film and television assets being hived off into a new group, called 21st Century Fox. The rump News Corp will be left with newspapers and other lower-growth businesses. News Corp is not the only sprawling media conglomerate that is streamlining its businesses. Time Warner said in March that it would spin off its magazine unit, Time Inc, by the end of the year. In most businesses, conglomerates went out of favour after the 1980s. But media bosses have taken several decades to follow. Each media firm has had its own reasons for offloading assets, but there are some shared themes. Shareholders have become more assertive and less likely to believe the moguls' flannel about "synergies". An even bigger driver of the spin-offs is the inky mood of the publishing business. Although Mr Murdoch, aged 82, shows little sign of stepping out of the limelight, there is a new generation of media bosses who are less flamboyant than their predecessors and more interested in making money than in wielding power and influence.

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