If anyone’s going to buy the beleaguered New York Times, it won’t be Rupert Murdoch, despite the fact that in the past he’s threatened to hinted he might. “I’ve got no desire to be an even bigger public enemy,” he told reporters yesterday. Aw, is Rupert getting soft? Not exactly, no. Despite the fact that News Corp yesterday announced a $8.4 billion write-down and The Wall Street Journal announced it would lay off fourteen people because of precipitous ad decline, the old man’s still got the fight in him. “I’ve got great faith [in the Journal],” Rupes said. “If we continue the way we’re going, we may even get lucky and not have so much competition at the end of it all.” [MediaFile]
