Marketwatch media columnist Jon Friedman picks Eric Pooley’s profile of News Corp. CEO Rupert Murdoch in Time magazine as he was trying to acquire The Wall Street Journal and launch Fox Business Network as the best story of the year.
Friedman wrote, “Everyone in the media world was obsessively predicting what he might do next. Our speculation became the media’s great parlor game. For the record, lots of us are STILL fixated on this topic.
“Pooley’s biggest accomplishment was getting behind the scenes and putting his readers in the room with Murdoch.
“In retrospect, Pooley’s timing seems even more fortuitous when you recall that News Corp. was also only a few months away from yet another audacious move: the October launch of the Fox Business Network.
“FBN, in its own right, represents the most daring media start-up of 2007, edging out Conde Nast’s Portfolio magazine. By executing either the Dow Jones takeover OR the FBN rollout, News Corp. would have been the dominant media story of the year.”
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