SMRs and AMRs

Friday, November 28, 2008

Wolff: Murdoch ‘absolutely despises’ O’Reilly

from Michael Calerone's blog
Politico

In Michael Wolff’s forthcoming biography of Rupert Murdoch, “The Man Who Owns The News,” the author writes that the media mogul has seemed to turn away lately from his cable news network, and isn’t fond its top-rated personality, Bill O’Reilly.

“It is not just Murdoch (and everybody else at News Corp.’s highest levels) who absolutely despises Bill O’Reilly, the bullying, mean-spirited, and hugely successful evening commentator,” Wolff wrote, “but [Fox News chief executive] Roger Ailes himself who loathes him. Success, however, has cemented everyone to each other."

“The embarrassment can no longer be missed,” Wolff wrote, in another section of the book. “He mumbles even more than usual when called on to justify it. He barely pretends to hide the way he feels about Bill O’Reilly. And while it is not that he would give Fox up—because the money is the money; success trumps all—in the larger sense of who he is, he seems to want to hedge his bets.”

(More here. Here's the Vanity Fair article:)

The Secrets of His Succession

With six children from three marriages, Rupert Murdoch’s family is a source of endless drama and speculation—most recently about his attractive third wife, Wendi Deng, and their two kids—its dynamics tightly bound to his News Corp. empire. In an excerpt from his forthcoming book about Murdoch’s takeover of The Wall Street Journal, Michael Wolff has an inside look at the shifting power struggles and emotional inheritances of Prudence, Elisabeth, Lachlan, and James Murdoch, as well as Deng’s ascent, for a portrait of that rare phenomenon: the 21st-century dynasty.

by MICHAEL WOLFF

Excerpted from The Man Who Owns the News: Inside the Secret World of Rupert Murdoch, by Michael Wolff, to be published in December by Broadway Books; © 2008 by the author.

As cautionary tales go, you could hardly find a more hothouse example of families gone awry, of genetic dumbing down, and of the despairing results of idle hands than newspaper families.

The Bancrofts, the old-line Wasp family that had controlled The Wall Street Journal for more than 100 years, had sunk into terminal dysfunction. This was News Corp. chairman Rupert Murdoch’s opportunity. Murdoch, the owner of Fox News, had long coveted above all else two things: The New York Times and The Wall Street Journal. Now, finally, in the spring of 2007, having studied the Bancroft family’s weaknesses, he believed one of them could be his.

Another benefit of dealing with the hapless Bancroft family was that it made him feel so much better about the dysfunction in his own family (dysfunction is a modish word that irritates him—he uses it only because his children say it so often). The Murdochs, who have had their problems, are not, he is confident, heading in the Bancrofts’ direction—not yet.

(The rest is here.)

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