Simple equation:free, open uncontrollable Internet versus shackled newspapers equals no newspapers. Let’s get real.
— Rupert Murdoch(@rupertmurdoch) August 26, 2012
A beautiful post from Murdoch disclosing fully and unashamedly the big media agenda; the use of state power to shut down more efficient and better competition.
A quick reminder of the facts; newspaper advertising revenue is falling off a cliff:
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We discuss allegations of Rupert Murdoch sabotaging competitors, America buying 61 percent of its own debt and Germany lauching a strategy to counter its own largesse. In the second half of the show Max talks to Reggie Middleton about JP Morgan’s muni bond bucket shop and the US Federal Reserve buying up Treasury debt.
Looks like they are having problems with all their youtube vids. Here is the non-youtube version: