Thursday, 3 March 2011

Meanwhile, back at the ranch . . .

Is it just me, I asked my financial expert, but why would anyone who's not Sky want to buy Sky News? Especially if it loses 20 million quid per year.

Simple, he replied. If getting rid of the TV news is the only way Rupert Murdoch's organization can take over Sky, then he's going to be willing to pay the running costs of Sky News for the new owner, and then there's scope for exploiting a gratitude factor. So are you interested in going into the TV news business?

Maybe . . .

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