The Biggest News Empire in the world goes after the Biggest newsgathering operation in the World
Rupert Murdoch’s NewsCorp is the world’s biggest media company in private hands – it is valued at more than 50 billion dollars – and its influence spans many countries.
Britain’s state funded broadcaster – the BBC – is the world’s largest news organisation. NewsCorp went after the BBC – and another important British institution – the country’s broadcast regulator – Ofcom.
James Murdoch, the heir apparent to his father’s company – accused the BBC and Ofcom of strangling private media – is what he described as an unfair fight.
Essentially Murdoch asked – how can companies like NewsCorp charge web users for news content – when state subsidized news sites like the BBC’s – offer news on the web for free?