Sunday, October 23, 2011

Get rid of the newspapers says News Corp investor

News Corp's third-largest investor has urged Rupert Murdoch to sell all his newspapers and double the size of a share buy-back plan, the Sunday Telegraph reported. "I'd like for them to sell all the newspaper businesses," Kevin Holt, a senior fund manager at Invesco, told the newspaper. "It's a digital world now and the competitive advantage that newspapers had has been competed away." Reuters.

No comments:

Blog Archive