“The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo!”
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Murdoch paid too much for the Wall Street Journal even when he didn't have any competition.
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The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I'm not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch's Wall Street Journal.
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We understand that the real market value of Blockbuster may never be fully realized as a wholly owned part of Viacom.
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We recognize the need to adapt to a changing competitive environment.
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The newspaper is dying. I'm not sure there will be newspapers and its one business I'd never be in.
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