Tuesday, October 28, 2003

Free Market Conservatives

NY Post:

New York Post publisher Lachlan Murdoch conceded that the tabloid was losing close to $40 million annually.

"Yeah," Murdoch the younger said when asked last year about the $40 million by Ken Auletta, The New Yorker's media writer.

The Post has lost more than $500 million since he first took it over in 1975, Auletta reports.

According to the author, when former News publisher James Hoge once said to Murdoch the Post had to be losing $20 million a year, the media mogul remarked, "That's one week's interest to me."

Murdoch's News Corp. declined to comment yesterday.