Murdoch: The downturn will be good for us

Tim Burrowes

February 24, 2009 2:57

Rupert Murdoch has today sent his troops a stirring memo designed to ease their fears about the coming downturn.

In the long message, in which he announces the departure of his long-serving number two, Peter Chernin, he reiterates that News Corp is better placed to see off its competitors in the downturn.

Within Australia, the company’s media properties include web site news.com.au, newspapers The Daily Telegraph in Sydney, Herald Sun in Melbourne, Courier Mail in Brisbane and Sunday Times in Perth and a stake in Foxtel.

Chernin had been seen by some as a potential leader of News Corp, if the crown was not passed to one of Murdoch’s children.

Subscribe to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.

Topics

1 COMMENTS

JG 25 Feb 09

Thanks for the Bitmap of Rupert’s signature. It could come in handy if I want to snap up a bargain-basement priced media business during the downturn.

User ID not verified.