A YEAR ago, investors in 21st Century Fox, Rupert Murdoch’s entertainment empire, could have been forgiven a bout of the blues. Shares were down by 30% from their peak in December 2014. Viewership of most of the company’s American networks was in decline, and millions had dropped expensive pay-TV packages, including its own, in favour […]
Traditional media managers, who once rushed into the Internet hoping to establish new businesses as well as their new-media bona fides, have all now been chastened by its economic realities and want to take back their free content.
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