“In a statement, Media Matters Vice President Angelo Carusone said, “The prospect of Rupert Murdoch buying Time Warner presented real harms to the U.S. and global media landscape. It would have given him control of 40% of the cable market and 30% of the movie market. No one should hold that much influence but Murdoch, in particular, has demonstrated that he is far too irresponsible for that amount of power. Today’s decision was a victory for the thousands of people who signed our petition urging shareholders to oppose the sale as well as media consumers across the country.” This just goes to show that people just do not want the corporation behind Fox News to own nearly half of all cable media. Despite the statement issued by Murdoch after the rejection of the 80 billion dollar offer Bloomberg reports that Murdoch will continue to try to buy the Time Warner Cable media giant. addictinginfo.org/2014/08/07/rupert-murdoch-denied-time-warner-deal-because-he-is-irresponsible-and-poses-real-harms/
Posted on: Sun, 10 Aug 2014 05:30:52 +0000