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James Murdoch, Without Newspaper Ink Flowing In His Veins, Brings A New Reality To News Corp – Bye Bye Thelondonpaper
Philip M. Stone September 1, 2009 Follow on Twitter
The announcement that News International capitulated in its free newspaper war in London with Associated Newspapers, saying it could no longer stomach the annual £13 million loss at its Thelondonpaper and was shutting it down, should have sent shockwaves throughout the Murdoch non-US newspaper empire – not that those newspapers would be shut down too but their financial performance will be overviewed more than ever by the younger generation Murdoch who has no news ink flowing in his veins and is interested really in just one thing – the bottom line.
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