Time Warner today rejected an $80B merger proposal from Rupert Murdoch's Twenty-First Century Fox, saying the transaction posed "significant risk and uncertainty" about the valuation of its non-voting stock and ability to manage the size and scale of the combined entity.
Trade orgs, many times the size of the PR press trying to cover them, hammer them with boycotts, stonewalling, legal threats and defamatory remarks. Rich J orgs (ProPublica, Committee to Protect J’s), sit on sidelines.
Unfortunately, media pundits' "repetition journalism" becomes "reputation journalism" by giving voices to people who have been wrong in the past, providing them with an opportunity to burnish their tarnished reputations.
Andy Coulson is guilty of conspiracy in the UK phone hacking scandal, which tarnished the reputation of Rupert Murdoch's News Corp. and led to the shutdown of the News of the World tabloid, according to a British jury.
The Committee to Protect Journalists today condemned Egypt for sentencing three Al-Jazeera journalists (an Australian, an Egyptian and a Canadian-Egyptian) to prison on trumped up terrorism charges. Jail-time runs from seven to ten years.
The St. Louis Post-Dispatch today dropped syndicated Washington Post columnist George Will to protest his June 5 piece that dismissed as overblown complaints about rape and sexual assault on college campuses.
*O'Dwyer's is the only PR firm ranking which requires the top page of the latest corporate income tax return and W-3, establishing particpants as PR firms rather than ad agencies or other types of businesses.