{"id":1304,"date":"2009-06-19T06:38:15","date_gmt":"2009-06-19T13:38:15","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=1304"},"modified":"2009-06-19T06:38:15","modified_gmt":"2009-06-19T13:38:15","slug":"murdoch-pawns-off-weekly-standard-to-anschutz","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=1304","title":{"rendered":"Murdoch Pawns Off Weekly Standard To Anschutz"},"content":{"rendered":"<p>Rupert Mudoch&#8217;s News Corp. has been bleeding badly financially. They have lost 49% of their stock value in the past 52 weeks. And acquiring the Wall Street Journal for $5 billion just as the newspaper business was collapsing couldn&#8217;t have helped matters.<\/p>\n<p>Now News Corp. is reporting that they are unloading the Weekly Standard, the uber-rightist magazine founded by neo-icon, William Kristal. No reason or sale price was given in the announcement, but it is fairly evident that Murdoch needs to raise some cash and cut costs to service his massive debt.<\/p>\n<p>The buyer is Clarity Media Group, a part of <a href=\"http:\/\/en.wikipedia.org\/wiki\/Philip_Anschutz\" target=\"_blank\">Phillip Anschutz&#8217;s<\/a> billion dollar media and entertainment conglomerate. Clarity is the publisher of the Washington Examiner, a conservative freebie tabloid in D.C.<\/p>\n<p>Don&#8217;t expect much to change at the Standard. Kristal will likely stay aboard, along with executive editor Fred Barnes. Both will also remain Fox News contributors. If anything, the magazine may begin to feature more stories dealing with Anschutz&#8217;s obsession for Dark Ages Christian Fundamentalism. He is a major backer of the Discovery Institute, a creationist think tank. He also finances anti-gay and pro-censorship organizations and initiatives.<\/p>\n<p>In other words&#8230;more of the same.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rupert Mudoch&#8217;s News Corp. has been bleeding badly financially. They have lost 49% of their stock value in the past 52 weeks. And acquiring the Wall Street Journal for $5 billion just as the newspaper business was collapsing couldn&#8217;t have helped matters. Now News Corp. is reporting that they are unloading the Weekly Standard, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12,1],"tags":[33,581,32,582,164,161],"class_list":["post-1304","post","type-post","status-publish","format-standard","hentry","category-big-media","category-general","tag-fox-news","tag-fred-barnes","tag-news-corp","tag-phillip-anschutz","tag-weekly-standard","tag-william-kristol"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-l2","jetpack-related-posts":[{"id":4873,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=4873","url_meta":{"origin":1304,"position":0},"title":"Rupert Murdoch&#8217;s News Corp Stiffs America &#8211; Pockets $5 Billion In Tax Refunds","author":"Mark NC","date":"7\/12\/2011","format":false,"excerpt":"Much of the world is presently learning what a despicable old plutocrat Rupert Murdoch is. The still unfolding scandals in the UK have revealed just how low his ethics can descend. On top of that his Fox News empire has been bashing Media Matters for weeks, and falsely asserting that\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1151,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1151","url_meta":{"origin":1304,"position":1},"title":"The Wall Street Journal After A Year With Murdoch","author":"Mark NC","date":"12\/13\/2008","format":false,"excerpt":"It was one year ago today that the Dow Jones Company, parent of the Wall Street Journal, agreed to be acquired by Rupert Murdoch's News Corp. That transaction marked another step in the shrinking universe of media ownership. Specifically, it was the consumption of a revered publishing institution by a\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":795,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=795","url_meta":{"origin":1304,"position":2},"title":"Microsoft, News Corp, and Yahoo, Oh My","author":"Mark NC","date":"2\/13\/2008","format":false,"excerpt":"The armies of consolidation are on the march. Last week, Microsoft made a surprise $44 billion bid for Yahoo. Microsoft is desperately trying to shore up its exposed Internet flank, which Google is battering brutally. Snatching up Yahoo would go a long way toward putting Microsoft back in the online\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1193,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1193","url_meta":{"origin":1304,"position":3},"title":"Good News And Bad News For News Corp","author":"Mark NC","date":"2\/6\/2009","format":false,"excerpt":"This is a fairly busy news day for the man who owns the news. Rupert Murdoch's News Corp released its quarterly earnings report and is still smarting from the smack it received by the marketplace. While the economy overall is in a dismal state, and particularly media enterprises, News Corp\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":425,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=425","url_meta":{"origin":1304,"position":4},"title":"More Fallout From the Fox Street Journal","author":"Mark NC","date":"5\/2\/2007","format":false,"excerpt":"Dow Jones's Bancroft Family Rejects Murdoch's Offer: Dow Jones & Co. said Bancroft family members who control more than 50 percent of the company's voting shares will reject a $5 billion takeover bid by Rupert Murdoch's News Corp. This still doesn't mean it's over. Murdoch could sweeten the offer and\u2026","rel":"","context":"In &quot;Big Media&quot;","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":259,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=259","url_meta":{"origin":1304,"position":5},"title":"Murdoch&#8217;s Poison Pillory","author":"Mark NC","date":"10\/18\/2006","format":false,"excerpt":"A couple of years ago, Rupert Murdoch orchestrated the adoption of a \"poison pill\" that would act as an obstacle to any investor that sought to wrest control of News Corp. from the Murdoch family. John Malone of Liberty Media, who had been buying up shares of News Corp., was\u2026","rel":"","context":"In &quot;General&quot;","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/1304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1304"}],"version-history":[{"count":0,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/1304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}