TW is a giant media company owning all sorts of properties including CNN and HBO. Having Fox own these is also very evil.
NewsCorp is a lawless corporation it would be a very bad thing were it to have more power.
Murdoch’s skill is not just hiring the right people; he has been able to maintain control over them. They have his support as long as they produce results.
His executives are the hired help. There is never any threat to his control. When a Murdoch favourite begins to get more headlines than the chairman, the clock begins ticking for their departure.
But with the Time Warner bid, that balance may change. Chase Carey has put together a deal that, because of Murdoch’s history, is almost irresistible to him. But it’s a deal only Carey can put together.
If he succeeds, the $US160 billion company that will emerge will be an ungainly beast that will depend on Carey making the merger work. He’s indispensable.
Clearly we have not heard the last of this.
The intrusion at the Office of Personnel Management was particularly disturbing because it oversees a system called e-QIP, in which federal employees applying for security clearances enter their most personal information, including financial data. Federal employees who have had security clearances for some time are often required to update their personal information through the website.
This is a big deal. If I were a government, trying to figure out who to target for blackmail, bribery, and other coercive tactics, this would be a nice database to have. — B Schneier
Love may laugh at locksmiths, but he has a profound respect for money bags. -- Sidney Paternoster, "The Folly of the Wise"