I started buying News Corporation when the stock dipped below $10. News Corporation is a media heavy company like Disney. They have movie studios, successful cable channels, own magazines/news papers and also own the 2nd popular networking website myspace.
My average buy for the NWS stock is $7.92.
News Corp is run by Rupert Murdoch and family. If Warren Buffet is one great CEO on one end, Murdoch is an another great CEO on the other end. What I mean is Murdoch wants to be successful in any field he enters. He is very arrogant and very passionate about success. He wants to win at any cost, ofcourse legally. And he indeed owns a big chunk of the company. His family also plays big role in the company. I have always admired from younger days of the simple movies he produced and the sucess of Fox News Channel. The Fox network also produces amazing TV shows such as American Idol. They also own Wall Street Journal, the most respected news paper in the business world.
The story behind News Corp is interesting and compelling. But is it a good business and at what price is it worth to buy News Corp. My analysis on that is coming soon.. keep reading.
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