m

Wednesday, May 30, 2007

"Empowerment to the People" Being Made Available online.

With the 2008 elections quickly approaching -- and after much encouragement from others -- I have decided to republish my book, Empowerment to the People and do it online. The book first came in 1993 and received a great deal of praise and (I have been told) help contribute to the changes in Congress in 1994. Copies of the book were given to every Republican Member of Congress by then House Minority Leader, Dick Armey (who also wrote an endorsement of the book).

Because of its political nature, I am making it available at Redstate.com and you can find the first excerpt here. It will be edited to be a series of posts and I will update the statistics and other information where necessary. I enjoyed writing it and I hope you enjoy reading it. I would love to get your feedback.

Tuesday, May 29, 2007

Donald Trump Redefines "Intelligence"

Donald Trump was excited following the debate on ABC's "The View" between Elisabeth Hasselbeck and Rosie O'Donnell. In fact, Trump is convinced that Rosie is leaving early in humiliation because she was "beat up" by Hasselbeck.

On Fox News, Donald was looking punchy himself and it reminded me of a "post fight interview," in which a previous contender discussed how each round went. Trump filled the part perfectly, having had many rounds with Rosie himself. He tackled the subject like a middle school student "talking smack" about O'Donnell being everything from a "loser," to "fat," to "stupid," etc., etc., etc. My children are no longer allowed to watch Trump because he is a bad example.

When asked if he was impressed about Hasselbeck's performance, he was as or more harsh towards Elisabeth than Rosie, telling Fox News "Elisabeth is not a very smart person, she’s one of the dumber people in television. To see that she supports the war, and she’s solidly behind the war, give me a break.” At first, Trump said O'Donnell won because of her position on the war, but later he said she had to of lost or she wouldn't have quit like she did. This is quality television!

Donald Trump is now the protector and definer of intelligence. If you are against the war, you are stupid. I can't even begin to say how "stupid" that sounds. In my experience, intelligent people are not threatened by views that are different than theirs to the point of resulting in name calling. Intelligent people like passionate debate and counter it with sound argument, not insult.
It is hard to believe that a few years ago this guy was being mentioned as a possible Presidential candidate. Now the only people who would ever discuss such are the David Letterman's and Jay Leno's. But even comedy has to have a certain amount of plausibility, which is why we don't hear them joking about it any longer. That's good news, because a Trump presidency would be far more scary than humorous.

Labels: , , , , , ,

Monday, May 28, 2007

Remembering Our Troops

Memorial Day is a holiday intended to remember those who gave their lives in service to their country. For me, it is also a time to remember those who are very vulnerable to making the same sacrifice.

I know so many who server or have family that serve and they do it without complaint and with pride. They know exactly what they are doing by fighting a war "over there" in order to keep it away from "over here." There is victory in that objective alone.

Recently one of our vets returned home and the neighbors lined the street with US flags, a security firm that has some of my neighbors as clients and the constable's office had cars lined up with lights flashing. He came down the street with hundreds of neighbors waiting and waving and he was treated like a hero because we remember the threat to his life he faces.

During a war, every day is Memorial Day. Today, remember those who gave their lives. Every day, remember those who may have to make the ultimate sacrifice and let them know you are grateful.

Labels:

Friday, May 25, 2007

Life for "The View" After Rosie

Rosie O'Donnell is leaving "The View" and I could not be happier. Her views are so horrible, her hate for anything US so obvious, and her behavior is so irritating. Yet, in the end, she may have been a good thing for the talk show.

Before Rosie, the show had been limping along for quite some time. Executive Producer Babara Walters dumped Star Jones because she was losing her spark and Rosie had become the new queen of controversy.

O'Donnell attacked virtually everything and everyone she could think of. US troops were described as terrorists, Bush was responsible for September 11th, Donald Trump has bad hair, etc., etc., etc. She even attacked the lovely Elisabeth Hasselbeck (photo, do you think I would have one of Rosie?) for being "too sweet" and "too Christian."

I protest the show and simply won't watch it, but it appears that many others became interested in the program and it is clear O'Donnell helped the ratings. In fact, Babara Walters is fighting off claims that the most recent battle between Hasselbeck and O'Donnell was simply for ratings. That battle stemmed from the fact that Hasselbeck rightly implied that Rosie was calling US troops terrorists.
In the end, The View was popular with Rosie, not because of her talent, but in the tradition of people who use to go and watch trains crash for entertainment. High drama, high action, but not much substance. So who will replace O'Donnell? Maybe Donald Trump will be on for a while in the name of "equal time." After all, he needs something to do since The Apprentice appears to be history.
Life may not be "too Rosie" for the view if they don't find someone to keep the viewers coming. I just hope that replacement has them watching for better reasons than a disaster in the making.

Labels: , , , , ,

Thursday, May 24, 2007

A People Express for the 21st Century?

A new airline in the People Express tradition, Skybus, has recently launched and is creating a great deal of buzz in the airline industry. The airline took about a decade to go from conception to reality, but it could really be worth the effort in the current flying environment we live in today.

Thanks to the high cost of jet fuel, the shrinking of the airline industry, and other challenges, flying has become very expensive again and people are looking for an opportunity to fly on an affordable airline. Skybus intends to solve this problem with some innovative approaches:

* They sell several $10 tickets per flight, making it very interesting to potential customers. The "viral marketing" effect of such a program will go far to attract customers.

* Forget about a little revenue from in-flight magazines and product placement, this airline is selling every inch of the plane -- inside and out -- to advertisers. The outside of the plane (photo, above) itself will display a massive advertisement (see photo, with Nationwide insurance) and it appears that large parts of the internal part of the plane will be plastered with ads (at $500,000 a year). This will create lower costs for the airline that are being passed on to consumers.
* With a hub like Columbus, Ohio, low cost is obviously a serious consideration.
* The airline intends to be the cheapest airline in the industry. Period. This includes being 25 percent cheaper than Southwest Airlines, which is famous for affordable flying.
* Customers will have to pay for virtually every service on the plane -- baggage checks, food, etc. Furthermore, you will be able to even buy products on the plane.
I think there is room for a really cheap airline like Skybus and I intend to watch, with interest, how it progresses.

Labels: , , , ,

Tuesday, May 22, 2007

CBS Should Hire Stone Phillips...Fast

Stone Phillips was "let go" today from NBC following a fifteen year as co-anchor of the very popular "Dateline" program. I believe that CBS should hire him fast.

The 53 year old veteran broadcast journalist is smart (Yale graduate), very articulate, handsome, and projects himself very well. He has won numerous Emmys and Peabody Awards over the years and has a reputation of being extremely professional. I believe he would be an excellent replacement for Katie Couric, who will be likely to leave CBS in the near future, in my opinion.

He has the right look and style to attract the younger set that Katie was suppose to get, but he is a mature enough male not to chase off the primary audience of nightly news (males who are 60 years old or older).

He wasn't let go because of lack of talent, but because of Draconian efforts by the peacock network to keep costs down. He isn't being replaced by anyone. Instead his co-host, Ann Curry will do the whole show on her own. Ann is extremely popular on the highly rated "Today Show" so choosing someone who had to go was quite simple in this scenario.

I believe CBS should jump on this. They can acquire him at a very competitive rate because of the circumstances he is under. I believe they should get him pinch hitting for Katie and put him in right away as the permanent anchor of the weekend news broadcasts. Don't be surprised if this happens quickly. Don't be surprised if this happens sooner rather than later.

I believe if we don't find him at CBS we will see him at the new Fox Business Channel in a very prominent role. This will not be the last we see of Stone Phillips.

Labels: , , , , , ,

What Did I Get Myself Into?

Last week I commented, favorably, about a possible challenge by Eric Dondero (photo) against Ron Paul for the latter's Congressional seat at RedState.com. My comments were about a challenge to Paul, not an endorsement for Eric Dondero. This is what I wrote:

"I believe libertarian Republicans are crucial for the salvation of both the party and this country. I just recently had coffee with Eric (Dondero) in Houston (where we both reside) after exchanging several emails and I was really impressed by how articulate and sensible he is on the issues of the day. There are areas where we disagree, but many more where we have agreement.
I have known Ron Paul since the early 1980s when I was a leader in Young Conservatives of Texas. He is articulate and intelligent, but completely off his rocker when it comes to our national security. If Ron Paul had his way, the United States would be come a third world country succumbed by a world that considers us a door mat. Liberty? Absolutely, but without protecting our national interests, that is the global equivalent to libertine, which always translates into destruction.
I believe an Eric Dondero candidacy for Congress would be a move that would be beneficial to Texas."
Upon leaving this comment I have received several emails from individuals who are warning me about Eric's candidacy and, if those statements prove true, I will not be able to support his candidacy. My response to the issue can be found here:.

To sum up:
* The war against Islamic Fascism is the most important issue facing the US today and my vote will be determined by that issue above any other in the up coming election.

* Ron Paul has one of the worst positions on the war of any Member of Congress, regardless of party affiliation.
* I support a Ron Paul challenge, but not a Dondero challenge specifically.

That's where I stand. This politics stuff is tough!

Labels: , , , ,

Sunday, May 20, 2007

The Dangerous World After Tony Blair

Tony Blair (photo) is leaving and I'm really quite sad. True, the British Prime Minister is liberal on a huge list of social and economic issues, but he is so very right about the single most important issue facing Western Civilization -- the war against Islamic Fascist terror. With his departure, now just weeks away, Blair has been seen frequently on US news networks discussing his legacy. The issue that comes up most often is the war in Iraq.

His sound bites on the issue have been powerful and carry the important themes:

* This is not a war the West has asked for, but one in which we have been forced to fight. It is foolish to believe that we can leave Iraq and our problems would go with it. His reoccurring theme is that we didn't start this war, but we have no choice but to finish it.

* "This is not a clash between civilizations. It is a clash about civilization." I love this quote and this is what I mean by Blair "getting it" where others clearly don't. Islamic fascists attacked us, not the other way around. This a war that will only go away when it is won.

* "Some say if we act, we become a target. The truth is, all nations are targets. Bali was never in the front line of action against terrorism. America didn't attack al Qaeda. They attacked America." This is in specific reference to Iraq in his now famous "The War with Iraq" speech. Most people around the world, including many of our leaders, don't realize that the war in Iraq only allows to control where this war is fought. The declaration of war was done by our enemies, all we can hope to do is finish it.

Tony Blair is great, but I'm fairly sure that Labor will go a different direction under the new leadership. George Bush isn't the only one who lost a good friend with Blair's decision to leave, but so has every civilized nation around the world.

Labels: , ,

Friday, May 18, 2007

In the Clever Marketing Department

Yesterday, I received an email from Duncan Hunter's campaign for President and, I must admit, it is really clever. The email, exclusively for those working in the media, stated in the subject line that "A US Congressman wants to talk to you" and had the following message:

"United States Congressman Trent Franks (photo) of Phoenix wants to discuss politics with the media. He is so inspired by the candidacy of fellow Congressman Duncan Hunter that he is offering his personal cell phone number (202) ###-#### to the media. It is another sign of the growing traction the Hunter for President Campaign is getting as it travels through the early primary states. Franks has been an ardent supporter of Hunter since his campaign began. He is offering media interviews to analyze the recent South Carolina debate where Hunter scored very high, as declared by political strategists. 'I vision Duncan Hunter in the White House in 2009 and I want to visit with the media representatives to explain why.' Franks describes Hunter as, 'One part Ronald Reagan and one part John Wayne. 'Franks said he believes Hunter possesses the strength of character and the leadership qualities Americans want. He added, 'Duncan Hunter is the right man at the right time for the right reasons.'"
In the old days I use to do campaign consulting, so I find this idea interesting and if its objective was to get me to call, it worked. Sure enough, the very friendly Congressman answered the phone and we visited for several minutes as he walked to cast a vote. He is very passionate in his support and sincerely believes in Hunter and (to listen to him), his chances of winning.
Hunter is fortunate to have such a passionate ally and an excellent "guerrilla marketing" staff. Furthermore, Trent Franks is a winner himself in this program, because many in the media who are not familiar with him will likely remember him because of his involvement in this innovative project. This week, I have to give the Hunter campaign an A+ for effort.

Labels: , , , ,

Thursday, May 17, 2007

The Incredible Shrinking Katie Couric

Katie Couric (photo, in much happier days) continues to struggle in the ratings game and the future looks grim, to say the least. There have been several firings all around her and reorganization in the news department is inevitable.

I've said on this site before that "I hate to say I told you so," but I must be lying, because I again want to point out that she was destined to fail. I pointed this out the day she joined CBS News. The reasons are simple:

* Nightly news is made up primarily of mature males and seem to like someone who can sit down and visit with them. An attractive, relatively younger woman may not fit that description when it comes to the weighty news issues of the day.

* Cheap ploys, like attempting to use an attractive woman to reach a more profitable and younger demographic won't work. The younger people want their news immediately. The best source for that is online.

* I think that older viewers (the average age of a nightly news watcher is 60) tends to be more conservative. Katie Couric built a reputation at NBC as a liberal and carries it with her to CBS.

Couric was "dead on arrival" when she arrived at Nightly News. I cannot say for sure what the future holds for her, but I feel comfortable saying that it doesn't include staying at CBS.

Labels: , ,

Wednesday, May 16, 2007

See How They Run: The Debate After the Debate

Last night's South Carolina debate sponsored by Fox News for Republican candidates was very rough and tumble. It showcased the struggle the leading candidates are going to have because of how weak their conservative credentials. It demonstrated why the second tier candidates are called just that and I believe many of them will soon be gone. Here are a few of my observations:

* Ron Paul (photo) needs to get out as soon as possible. I've known Paul for years and he's highly intelligent and articulate, but he is far more libertarian than Republican. The Republican Party is not a party of appeasement, as Paul likes to argue, it is a party of Peace through Strength. Paul is now involved in the most extreme liberal blame game, claiming that September 11th is America's fault (because of our activities in regards to Iraq after the first Gulf War). That isn't going to fly in the Republican Party (and it isn't true). Republicans need to remind people like Paul that "the terrorists are over there, because we over there." Let's keep the terrorists over there.

* McCain and Romney are not going to make it. These guys spent the entire night letting out their frustrations on each other. Continuously accused of flip-flopping on the campaign trail, they had to do the exact same thing to each other. McCain doesn't understand tax cuts, Romney, was pro-abortion and converted too late to trust, etc., etc. These guys suffered the most, in my opinion.

* Giuliani was the big winner. He looked very Presidential and thoroughly slammed Ron Paul for blaming the US for September 11th. His remarks, calling Paul irresponsible and demanding a retraction, reminded me of Ronald Reagan's "I paid for this microphone" in the 1980 New Hampshire Primary debate that many called a turning point in that campaign. It may not be that significant, but it was an excellent moment.

The debate, above all things, demonstrates there is a long way to go. Ten candidates now and a few months there will likely be less and even different ones in the running. Fox News did a much better job than MSNBC in conducting the debate, but in the end, the current format remains weak. I'm eager to see how the pruning process eliminates candidates and allows us to get to know the eventual nominee better.

Labels: , , , , , , ,

Tuesday, May 15, 2007

When Your T-Mobile Crashes

In January I announced with excitement that I purchased a T-Mobile Dash (photo) and have been largely singing its praises. Today, my phone crashed. The result of this disaster made me realized the following:

* My cell phone is so much more than a phone. I have several kids playing baseball and I love watching the games. However, I also love to keep track of my favorite Major League Teams -- the Astros, Tigers, and Orioles -- during my kids games. That has been seriously disrupted by my phone's downfall.

* I work more efficiently with my phone. I answer several emails throughout the day with my T-Mobile Dash.

* There may be something to be said for cell phone insurance. I rarely pay for such warranties, but this phone wasn't cheap and I was afraid it wasn't very firm. Sure enough, it didn't last six months and I'm not particularly tough on the phone. I'm glad I got that insurance.

The thing I found most surprising is how lost I feel without it. It still rings and I can still talk on it, but without the screen, it seems like a shell of its former self. It is amazing how dependent I have become on a technology I have only had for only around 8 years.

Labels: ,

Monday, May 14, 2007

Am I Committing an Error in the Way I Blog?

Today I scrolled down my blog just to see "how it looked." Had I chosen interesting titles? Were my posts appropriate in length? What about the photos? That is when I got a little concerned. Every post on the page that were photos were of men. Furthermore, they weren't even particularly handsome men (no offense guys!), in my opinion.

I felt compelled to change that trend and do it fast. So, out of curiosity I put "the most beautiful woman in the world" in Google to see what results I would get. What popped up were several references to Aishwarya Rai (photo), whom I have never heard of before.

Who is Aishwarya Rai? She is a well known Indian actress who won "Miss World" in 1994. All of you men who are wishful thinkers, give it up, she recently married a popular Indian actor Abhishek Bachchan. She doesn't bring any particularly interesting business or political story to this blog, but she does bring a much needed mix to the pictures on this site.

Labels: , ,

Saturday, May 12, 2007

Trapper John Vs. the Capitalist Pig

In an interesting exchange on Fox News' Cashin In, "Capitalist Pig" Jonathan Hoenig (photo) debated Wayne Rogers of MASH fame on the virtues of capitalism. To the outside observer one would think they were saying the same thing -- both were speaking about the virtues of the market.

The focus of the debate was whether or not businesses were a positive force in society and in what ways? Most on the panel largely agreed that capitalism is good and immediately cited the huge amounts businesses contribute to philanthropic causes. Wayne Rogers was particularly passionate, pointing out that "whatever government does, it does poorly." Corporations, Rogers argued, are doing far more for social good in its activities than government could ever do.

Hoenig, who is an unabashed libertarian, on the surface should have been in complete agreement with Rogers, but came out quite critical of the argument. In the Ronald Reagan, "the best social program is a job" tradition, Hoenig said that the economy created by business was all the case that needed to be made in its defense. All of the discussions on philanthropy implies that business needed to defend itself, which was wrong in Hoenig's view. Private property is moral. Free enterprise is moral. These are principles that should be defended.

It was a strange, but powerful argument, to hear in this upside down culture we live in. A culture that has forgotten the goose which laid the golden egg that made this nation the most prosperous in the history of mankind. A defense for free enterprise because of what it does naturally, nothing else. I hope to hear more arguments like that in the future.

Labels: , , , ,

Thursday, May 10, 2007

Geico Gets Increasingly Clever

I love the Geico Caveman commercial and I believe the company is brilliant at getting its message out. However, I'm equally excited about the new commercial on "a better way of spending 15 minutes online." In the new commercial the company shows individuals making complete fools of themselves and aspiring to be "YouTube stars." Time better spent would be finding a better rate for car insurance.

I'm fairly certain that they got the spots from YouTube and will further feed that insane frenzy. I wouldn't be surprised if Geico take this concept to the next level and create their own "YouTube" type platform or create a strategic alliance with YouTube in which Geico gives exposure to the videos and YouTube creates a special (and prominently displayed) area for people to submit them.

Increasingly advertisers are going to have to offer "more." More reasons to watch, more creative ways of making sure the message is heard, and variety in the messages. Those who recognize such will find their advertising much more successful.

Labels: , , ,

Wednesday, May 09, 2007

Is Business News Boring?

This website is know as BizPlusBlog, but I have to admit that there is often more "plus" than business. In fact, I took a glance at the 200 plus articles in the archive and found that political issues were the prevailing theme. I love business, particularly biographies of great leaders, innovative ideas, and major business trends. But clearly I love political issues more.
I've spent some time looking at other blogs with a business focus and found that most tend to be technical or "how to." There are very few with the intrigue and drama seen in the focus of other blogs, in my opinion.

I'm going to devote some time to cultivating more business topics for this blog. I would love to get suggestions from others on the best ways to do just that.

Labels: ,

Tuesday, May 08, 2007

Today Show Sends Warning to Men

I have been a big fan of the Today Show and have mentioned it often in this blog. The wildly successful infomercial (how I refer to it and it is a compliment) that was already on an hour longer than similar shows, has decided to expand to 11 AM. In anticipation of this big move, they have brought on several correspondents. With the exception of former New York Giant great, Tiki Barber (photo), all of the new people are women and their focus has been on topics that clearly leans towards women -- female fashion, cooking, make up, etc. I can't name any of these other women because none of them played in the NFL, but all of them are going to bring largely female oriented topics to the program in light of the way they were introduced (yes, cooking is a female topic, in my opinion).

In addition, the Today Show is investing a small fortune in a new set devoted to cooking segments. With four ovens and several stoves, this kitchen is serious! This kind of investment indicates to me that they will be spending a great deal of time cooking. It seems to me the future of Today is with women and that they plan on making it a competitor to the other lifestyle programs that are so common in the morning. The future of Today has a strong feminine bent.

Labels: , , , ,

Monday, May 07, 2007

Roger Clemens Goes Back to NY

It is odd, but I get the sense that both my town of Houston and the Big Apple of New York are giving collective sighs of relief that "the Rocket" is going back to the Yankees. Yankees are pleased because their guy is back home. Houston is pleased because we can possibly pick up a few high quality (and very needed) players with change to spare for the dollars required to keep Clemens.

I, personally, wanted to have Clemens retire in Houston. There are no Hall of Famers from the Astros and I was hoping that Clemens would be one of the first (with Bagwell, who should be a shoe in). Instead he will likely be one of the many who wear Yankee uniforms in the great museum.

I use to think retiring in Houston would have certain economic benefits for Clemens, but I don't think it will matter any more. He is rich beyond measure and I don't think he needs to make many long term economic decisions to abundantly secure his future. Furthermore, Texans love him. He will always be the kid from Spring Branch (my kids go to the High School he went to), who has his "Roger Clemens Foundation" sign littered on many good projects. His foundation even provided a scholarship to my daughter to take a dual credit college class she took.

I have no doubt that Clemens will settle down here for good soon, his kids and wife are entrenched in the area. He will likely make as much, or more in that next career as he does now as an athlete. He will probably have a dealership, promote HEB grocery stores or others, and will be an all around good citizen. The economics of Roger Clemens is very good.

Labels: , , ,

Friday, May 04, 2007

See How They Run: Observations on the First 08 Republican Debate

The first debate is over and the political season is only beginning. I found Thursday's debate interesting on a couple of levels and walked away with numerous opinions. Here are a few of them:

* The minor candidates really need more forums such as this. It allows them to project an image of equality and most of them are as well informed and articulate as the major contenders.

* Two of the major candidates -- Giuliani and McCain -- were harmed by this debate. They were surprisingly rough around the edges, not the person whom you want on a platform with world leaders representing our interests, and simply did not come across as presidential.

* One of the major candidates, Mitt Romney, definitely benefited. He was articulate, smooth, and poised. If anything he was "too much" of those things. But I believe most were impressed.

* I believe the concept of "who won" is largely contingent on who you wanted to win. I really didn't care. Although I know some of the candidates and am old friends with Duncan Hunter (R-CA), I wanted to see who would win. After the debate I notice I had an article open on one candidate on the Internet and another window on his web page. His answers were the only ones I remembered. That was former Secretary of Health and Human Services and former Governor, Tommy Thompson (photo). He was one of the only candidates who was extremely specific on the issues, offered innovative (even memorable) reforms, and seemed to be more interested in policy than politics.

Thompson reminded me of a candidate I supported in 1988, Pete du Pont (the former Republican Governor of Delaware), who offered "damn right solutions" to the problems America faced. I believe he was right then and if we had listened to him then, we would be in a much better situation today. Unfortunately, most people are interested in politics than policy. Personality more than leadership. I don't think Thompson will catch on any more than duPont, 20 years ago.

So who won Thursday's debate? I believe the answer to that is in the eyes of the beholder. I know who I liked, how about you? I would love your comments.

Labels: , , , , , , ,

Thursday, May 03, 2007

See How They Run: Reagan Impersonators?

The first debate of the Republican candidates for President will be on hallowed ground -- the Reagan Library (image) in California. Ronald Reagan is an icon that was larger than life when living and he casts a huge shadow in death. For 20 years, Republican candidates have tried desperately (and unsuccessfully) to fill those shoes. Tonight, they meet at the Reagan library to debate and I assure you his name will be mentioned early and often.

I have known many of the candidates for years and many are excellent at what they do, but few are even Presidential timber, let alone worthy of being spoken in the same breath as Reagan. The list of candidates include Sen. Sam Brownback of Kansas, Jim Gilmore (former Republican Governor of Virginia), and Congressman Duncan Hunter of California. There are a few others that you may have never heard of before. Seriously though, it is a huge list of unheard of candidates and the "big three" (McCain, Giuliani, and Romney) appear to be on a roller coaster ride and are having difficulty getting traction.

One of the most popular Republican candidate, former Tennessee Senator Fred Thompson, hasn't even declared he is running and will not be participating in the debate tonight. Described as "Southern Fried Reagan," he has many of the characteristics necessary to win the election. A solid (but reasonable) conservative, Southern (a virtual prerequisite it seems), and high visual and name ID (because of his movie and TV career), many Republicans are waiting for him to jump in.

There is no Ronald Reagan in the lot, even with the entrance of a Fred Thompson. I'm not sure if we will ever see anyone of that stature again. But if the Republican Party is going to be taken seriously, someone like Thompson is going to have to get in this race.

Labels: , , , , , ,

Tuesday, May 01, 2007

News Corp Pursues Dow Jones


Rupert Murdoch of News Corp is interested in the Dow Jones Company, but the feeling isn't mutual. The media maverick has announced the creation of the Fox Business Channel, which is expected to launch in the Fall, and is now focusing on the leading financial publication of the world -- the Wall Street Journal and the vast resources of the Dow Jones Company.

News Corp offered approximately $60 a share, which translates into a $5 billion offering in pursuit of majority ownership. This is a sizable profit for the historic leader in business news. However, if one is from a liberal or even moderate bent, Fox News is considered conservative or even radical. This doesn't appear to stand well with Dow Jones and they are rejecting the pursuits of Murdoch.

If News Corps efforts translates into success, this will disrupt the TV relationship Dow Jones has with CNBC and the new Fox Business Channel will take the role of distributing that information for the world of television. The question is, who will have a greater influence editorially, Dow Jones on Fox or Fox on Dow Jones? Most are guessing on the latter. Ironically, both media are considered conservative by and large, but for some reason Fox is described in terms such as "strident," "polarizing," and "divisive." In spite of this, Fox is also considered among the most influential and the purchase of Dow would only increase that prestige. I, personally would be glad to see that happen and it would only increase Fox's growing reach in the business arena.

Labels: , , , ,