PSS: Also of note was when Newscorp nearly went under was after a time of aggressive acquisitions, but then things changed quickly when the advertising market was in the toilet (the income); the economy was in bad shape courtesy of the Gulf War 1; and a credit crunch was hurting everyone. Does this found familiar too???
Out of the $7.4B that was owed the Pittsburgh Bank was only owed $10 million, lol. Murdoch begged to speak to the President of the Bank but was only put through to the Loans Manager - hahahahahaha! In the end he got the President of Citibank to plead his case! Hmmmmm, I wonder if he ever bought that Bank???
Cheers, Pie :-)
CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
