If Murdoch Could Convince the Bancroft Family to Sell the Wall Street Journal in 4 Months, Anything is Possible
If you’ve been following the heated headlines of News Corporations capitan, Rupert Murdoch, and his pursuit to capture the Bancroft family’s flagship newspaper, The Wall Street Journal, then you’ll know how much opposition Murdoch was facing.
Just 4 months ago when the Bancroft’s, who have a 64% voting share in the journal, were approached with the idea of selling, the majority of the family vehemently opposed such a sale. In fact, the deal looked impossible to close.
However, just yesterday, all of the critics of Murdoch’s acquisition were silenced when a “definitive merger agreement” was finally signed, closing the fate of the widely respected Wall Street Journal.
The New York Times’s David Carr describes Mr. Murdoch’s success as “a reminder that the unthinkable is often doable, given the loot and the will.”
I admire Murdoch’s will to stay in the game and never give up. He was determined to purchase the journal and he didn’t let anything or anyone get in his way.
If you want something in life, then get out there and take it! No matter how difficult or impossible it may appear to be, you can attain your goals if you are persistent and unwavering.
2 Comments
Hates_
August 3rd, 2007 at 8:08 am
Anything is possible with a few $billion
David Askaripour
August 3rd, 2007 at 4:16 pm
Ha, yeah that always helps.
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