Another visit to the movie theater, another Murdoch triumph. The Simpson's Movie (a Fox Studios release) was very funny, but I think it would have been equally entertaining to see Murdoch close the Dow Jones and Company (NYSE: DJ) deal. If you could have heard some of the behind the scenes discussions from the Bancroft family, the majority shareholders of Dow Jones Inc., it might have been pretty funny also. In the end Rupert Murdoch and Homer Simpson are a big success, smiling gleefully all the way to the bank. Rupert taking money out of the account and Homer putting it back in. I doubt the Simpsons will make up for the billions, but perhaps it will take the edge off the early losses News Corp (NYSE: NWS) will not be able to avoid in the beginning.
The Simpsons Movie raked in the dough (or should I say "DOH!" since that is Homer Simpson's most used exclamation). The Simpsons television show is broadcast on the Fox Network, and the movie lived up to the hype. It is funny, the first half more than the second. Speaking of seconds, it would be no surprise to see Homer on the big screen again and Rupert making headlines again -- on one more paper he owns.
To verify my track record, including bad calls, read Chasing Value and Serious Money.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm.
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