News Corp

So, the thing is, I’m not the one who tends to follow the herd.

If everyone’s backed up on the freeway, I’m the one who will look for the longer but less crowded country road. When everyone’s talking about whoever out-sang or out-danced or out-cake-bossed someone else, I’m the one with the blank face—and if there’s a room full of people line dancing, I’ll be the one over in the corner having a smoke and wondering what went wrong with y’all.

And that’s why, while everyone else is all excited about Glenn Beck’s imminent “disappearance” from the television firmament…I’m not so sure.

In fact, I can easily see a scenario that leads to a lot more Beck, and that’s what we’ll be talking about today.

I've got your "fair and balanced" right here, pal:

The contribution from Mr. Murdoch’s News Corporation, which owns Fox News, The Wall Street Journal, The New York Post and other news outlets, is one of the biggest ever given by a media organization, campaign finance experts said.

Mr. Horner said that the company’s corporate side made the donation with no involvement by its news operation and that the gift would not have any impact on newsgathering operations. “There is a strict wall between business and editorial,” he added.

While many news organizations reported Tuesday on the $1 million gift, a late-afternoon search of Fox News’ Web site produced no mention of it.

News Corp posts biggest quarterly loss on writedown
Thursday February 5, 8:01 pm ET

By Robert MacMillan
NEW YORK (Reuters) - Rupert Murdoch's News Corp posted its biggest ever quarterly net loss, after taking an $8.4 billion writedown for the value of its Dow Jones acquisition, broadcasting licenses and other assets

Excluding the charge, the results missed Wall Street forecasts as the recession exacerbated the fall in newspaper advertising sales and hit the company's other properties.

News Corp shares fell 6.3 percent to $6.50 in after-hours trading and have shed about 65 percent of their value in the past 12 months.

http://biz.yahoo.com/rb/090205/business_us_newscorp.html?.v=3