Magazine article Editor & Publisher

Fight Press Curbs: Murdoch

Magazine article Editor & Publisher

Fight Press Curbs: Murdoch

Article excerpt

NEWS CORP. CHAIRMAN and CEO Rupert Murdoch, speaking at the company's annual shareholder's meeting in Adelaide, Australia, has urged the press to fight the growing campaign for tougher privacy laws following Princess Diana's death.

The media baron, declaring privacy laws would create "a new privilege for the already privileged," said much hypocrisy enveloped media organizations after Princess Diana's untimely death, because while alive the princess regularly worked with photographers when it served her interests.

He also touted the performance of his worldwide newspaper holdings, including the perennially money-losing New York Post. Murdoch, whose company generates $14.4 billion a year in revenues from TV, movie and newspaper holdings, said he didn't regret using paparazzi photographs--apart from having paid too much for them--Reuters reported.

Murdoch said his newspapers- in Australia, the United Kingdom and here--are "doing well" financially, with fiscal first-quarter results in Australia up 30%, 20% in England.

Despite the fact that it continues to bleed money, the New York Post is becoming "a much stronger competitive force in the New York market," he said, adding that losses "have been reduced" and the new Sunday edition is "marginally profitable. …

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