American Fortune Life

"...Murdoch is in charge of the media circles on four continents and created a media empire single-handedly. He has a monopoly position in the UK. When the power is highly concentrated in the hands of one person, he will inevitably lead to abuse of power within the organization. It is also one of the root causes of the accident in the Murdoch empire.

Since the wiretapping scandal broke out in August and ended on the 18th, the accumulated market value of News Corporation's shares listed in Australia and the United States has evaporated by 14 billion US dollars. In addition, Murdoch's media territory in the UK is likely to face a mandatory split under the new management rules, and Murdoch's 39% stake in British Sky Broadcasting may also be forced to sell. "

A red-walled villa in New York has an elegant and luxurious interior with a "curved staircase" and NBC news on the TV in the "sparkling" all-white living room. The Rupert Murdochs, who own Fox It is very rare for a family.

With a slightly haggard face, the solemn Rupert Murdoch looked at himself in the cloakroom mirror, listened to the report on the TV behind him, raised his chin slightly, and let the worried and resentful Wendy Murdoch Ke helped him adjust the tie around his neck.

The embankment of a thousand miles collapsed in the ant nest. The continuous fermentation of a British tabloid hacking scandal has forced the octogenarian Murdoch to face the biggest crisis in his magical business career, and also brought unprecedented shocks to the British political arena.

In less than three weeks, his global media empire has suffered serious damage to its global business reputation and interests due to an initially insignificant 'buying news' scandal.

Especially four days ago, Standard \u0026 Poor's downgraded News Corporation's credit, which undoubtedly made News Corporation worse in this storm, and suffered extremely heavy losses. Thinking of that handsome young face, Murdoch's expression became even more serious. Gloomy, his eyes flashed fiercely, but after only a flash, he sighed slightly.

Recalling that year, in 1968, he bought most of the shares of "News of the World" for 34 million pounds. Eight years later, he bought "The Sun" and made it the daily newspaper of "News of the World". Japanese edition. In February 1981, he bought The Times and The Sunday Times again with shocking results. . .

To this day in the UK, News Corporation has developed an astonishing power, with 40% of the newspapers controlled by it, and the total daily circulation of the six newspapers has reached 25 million.

After conquering mainland Australia and Great Britain, he moved to the United States. At the end of 1976, he bought the New York Post and the Herald American in 1982 and renamed it the Boston Herald. In 1985, the 20th Century Fox Corporation in the United States was in trouble, and he did not hesitate to form it into the Fox Television Company.

Not long ago, in 2007, his News Corporation acquired the Dow Jones Group and the Wall Street Journal for a total of US$5.16 billion at US$60 per share.

It can be said that at this time he had reached the pinnacle of his career, and the media from all over the world called him a "media geek" and "Napoleon of the media industry".

News Corp. influences almost every election in Britain, and the Conservative and Labor parties compete to please him.

In the past 20 years, in the British political arena, any politician who hoped to become the prime minister would not dare to offend Rupert Murdoch. From the former British Prime Minister Major, Blair, Brown to Cameron who is preparing to run for prime minister, they must maintain a good relationship with Murdoch.

However, perhaps, it was I who benefited from politics at the beginning, who really suffered from politics this time. The reason why the wiretapping scandal "out of control" was on the one hand the instigation of that bastard Andy, and it was also because of the wiretapping incident. It has indeed touched the moral bottom line of the public. On the other hand, for so many years, News Corporation's monopoly has indeed hindered the interests of many parties in the political, business, and media circles of the United Kingdom and the United States. to bring down its media empire.

News Corporation's stock price plummeted, and its market value shrank sharply.

It has been rumored that the stake in Sky TV may also be sold, and people are discussing whether the Murdoch empire will collapse.

But some seem to have really forgotten and underestimated the energy of this old man who is almost 80.

No entrepreneur is smooth sailing. Mistakes and failures are the best notes on the road to final success!

No matter how superior a person's intelligence and ability are, no matter how high he or she is, he or she will eventually encounter a sudden disaster. The unprecedented nature of this disaster makes it necessary to seek self-awareness and thinking from the heart obtain answers and make independent judgments. The source of a crisis may be a leader's own mistakes, environmental factors beyond human control, or a combination of both.

Looking down with worry on his face, Murdoch slapped the assailant at the British hearing, and with lightning speed and tricks, he buckled the plate containing the shaving foam on the assailant's face. Rushing forward to protect his wife, recalling this incident, he is also relieved, in the darkness, but because of his wife Wendi's outstanding performance, he has won rare glory and applause.

Even words praising Wendi came like a flood. The praise for Wendi suddenly overwhelmed or even drowned out the News Corporation scandal, causing the plummeting stock price to recover slightly.

This also gave the old man a feeling that such a husband could not ask for a wife.

"Don't worry, everything will be fine. This storm won't break me. You know, every great leader will have a dark period somewhere in his life." Murdoch gently took his wife into his arms Li, patted her on the back, reassuring, although he knew very well that there are countless enemies who are trying to use this wiretapping scandal to bring her down. Once-friendly politicians are now running around like frightened hares trying to protect themselves.

But don't forget that he is Murdoch, the Napoleon of the media that since the collapse of the East India Company, no private group has had such extensive political influence as Murdoch's News Corporation.

To be honest, if you were an ordinary person, your legs would have weakened in the face of such pressure. And Murdoch did not panic. During this period of time, although he was superficially tired of coping with the accusations and public opinion brought by Britain and the United States, in private, he first persuaded William Rowe of Citibank, the largest creditor of News Corp. Dess, convinced that he could restructure News Corporation at any cost. Then began a long negotiation process, and finally led News Corp. out of the woods.

A lengthy negotiation followed, trying to persuade all the banks to stay and continue lending. Indeed, some banks have come to believe that backing him might lead to better prospects. You know, this was impossible in the past. Murdoch rarely negotiated directly with banks, and usually left this job to his chief financial officer (CFO). But this time, Murdoch himself went to the front line.

In order to regain the initiative, he has ordered people to repurchase more than 3 billion pounds of shares, and he claims to "please" investors. News Corporation is still very rich in funds, with about US$12 billion in cash, which was originally planned to be used to buy the remaining shares of Sky TV, which is enough to support the disaster.

In order to keep his media empire, just in case, Murdoch even sold a large number of valuable assets to raise sufficient funds to prevent the collapse of News Corporation.

"Honey, after you meet him, you have to talk calmly. In any case, stop him from shorting News Corporation. At present, he is the biggest variable." Wendi Murdoch still persuaded with a hint of worry, she I am very worried that my husband will quarrel again after meeting Andy Smith, the initiator of the incident that almost brought down News Corporation.

To be honest, no one would have thought that it would end up in this situation just because of a small matter. She also knew that even if the matter was reconciled in the end, the relationship between the two families would have turned hostile. Warriors never sleep!

"..." Murdoch frowned, his eyes were sharp, and he finally sighed softly. Of course he didn't want to bow his head to the bastard Andy Smith. Unfortunately, the situation is stronger than others. Facing the troubles in the financial market, they are constantly rushing to kill the News Corporation stock market. Little bastard, he can only admit defeat.

A real king doesn't care about temporary gains and losses. The enmity between the two sides is settled, and the future will last forever. Let's wait and see!

"Don't worry, after all, the cause of this matter is because of the "New York Post" under its banner. Hey, but no one thought that it would be like this. As long as it is not too much, I admit defeat this time!"