In the 45 years since Murdoch bought the New York Post, it’s very likely he’s lost $1 billion in today’s dollars.
That’s not a loss. It’s an investment.
It’s a Murdoch’s investment in lies, division, hate, and helping Republicans in elections.
(Lowball estimate $20-30M, in 2013: Joe Pompeo.)
And Murdoch has gotten ample return on that monetary investment in the NY Post:
Murdoch helped Reagan in the 1980 election (w/o Murdoch, Carter might have been president).
In return, #Reagan helped Murdoch neuter the FCC, buy more media, and build a bigger, more monopolistic, media empire.
👉Fix our media: revive media policy. Strengthen the #FCC, break up huge media #conglomerates, and constrain #billionaire /Wall Street #media ownership. 1988 AP: https://apnews.com/article/31b2da07c9c821c0b7bdae9e1483f51f
Have a listen to this:
The extent to which the Lebedevs bought political influence is staggering. One of those ways was through purchase of the London Evening Standard.
A longer series on them here:
Eric Blair
TifaDaisyDewdrop
Charles Roper