No Peacock in News pen
Murdoch says he isn't interested in buying NBCRupert Murdoch said he has no desire to acquire NBC or even pieces of it, though he did give credit to its sibling USA Network for being a "mature channel" that "makes a lot of money."
"But why pay a high multiple for that when you can't work out how you can double its profit every five years?" he said Friday in an interview with Neil Cavuto on the Fox Business Network. "We like startups, like Fox News."
When Cavuto reminded Murdoch that NBC scored a ratings bonanza with the Olympics, the News Corp. CEO countered, "I don't think they made much money."
He also said of his disinterest in purchasing NBC — not that it's even for sale — that the local-stations business is unappealing.
"As far as we are concerned —and we compete with them — that whole local-station market is performing very badly at the moment," he said.
In the candid interview, Murdoch also blamed a prominent Democrat for the nation's economic woes and called presidential nominee Barack Obama's economic ideas "naive" and "old-fashioned."
The executive said the early endorsement of Republican Sen. John McCain for president from his company's New York Post was the right move.
"I like Sen. Obama very much," Murdoch said, just before chastising him for promoting protectionism that would lead to inflation and strained relationships worldwide.
"His policy is really very, very naive, old-fashioned, 1960s," he said.
Obama wasn't the only Democrat Murdoch took to task Friday; he also blamed Massachusetts Rep. Barney Frank for the subprime mortgage meltdown that has been wreaking havoc on the U.S. economy. (partialdiff)