Situations: News, Coca Cola, Optus
News Corp chairman, Rupert Murdoch wasn’t saying much about much at all on the telephone this morning, especially about his ambitions for the Wall Street Journal, in commentary after the release of the company’s third quarter results.
Nor was he very precise about what he might do next after selling out of Fairfax ahead of the merger which took place yesterday.He didn’t rule out a deal here but didn’t actually say whether he was looking at anything. He and his executives have already indicated to investors they think the Ten Network, currently on the market, is over priced.He said Fairfax’s merger with Rural Press had increased the size of the company and it no longer needed “our help” in its defence.
