Rupert Murdoch has not allowed the crisis in his most-loved medium -- the newspaper -- stop the growth of his global empire.
Murdoch, the 78-year-old News Corp. (NWSA Quote) chairman and CEO who moved television news considerably to the political right with Fox News, stunned the U.S. newspaper establishment in 2007 with his purchase of Dow Jones and The Wall Street Journal. If the $60-per-share acquisition seemed high in 2007, it now looks ridiculously so. Still, it gave the owner of the New York Post a long-sought platform to take on his nemesis, The New York Times.
His purchase of MySpace in 2005 gave him an important foothold on the Internet, and in 2007 News Corp. launched Hulu.com with General Electric's (GE Quote) NBC, an attempt to take on YouTube. ...
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