Media Empires: Babies and BT
we have had so timely a reminder of how important it is, when contemplating
media matters, to take the long view. And who better to have, yet again, shown
the rest of the world the way. I refer, of course, to the announcement that Mr
and Mrs Rupert Murdoch are expecting a happy event.
When, a couple of years or so ago,
the rumours that the elderly AustralianAmerican media mogul had separated
from his wife of many years and taken up
with a Chineseborn beauty (roughly
the age of his children) were confirmed, there was a regrettable outbreak of
badinage of the life in old dogs variety. But no one, as I recall, thought much
about babies. One can't help wondering if the existing Murdoch offspring all
time senior executives in daddy's
empire did either.
Now Rupes has shamed our saucy
chuckles. What the man was doing, it is now abundantly clear, was simply moving
to secure the future of the family empire even unto the third generation. For 30
years hence, when Laghlan Murdoch and his siblings are ready to pass the baton,
Wendi's 'Baby M' will be of an age to take it on yielding the Murdoch empire
a full century of growth with the founder's genes scarcely diluted.