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Media Navel Gaze: February 27, 2012

Mark Kollar  Follow

The Week Unpeeled

Not everyone experienced a red-carpet week, but one act certainly worth following (and I believe is not getting enough serious attention) is Rupert Murdoch’s launch this weekend of a Sunday edition of his Sun. Very interesting media development on many levels: 1) few are launching print editions nowadays; 2) the move comes right after his phone-hacking/police-bribing scandal (remember?) when he closed down News of the World; 3) life has many, many chapters where and when you can fire bullets!; and 4) tabloids will apparently always have life.  As he reportedly wrote to the new staff, “Having a winning paper is the best answer to our critics.”


  • Blackstone Group raised $10 billion for its real-estate fund, sending lots of positive signals for the private-equity group and its peers;
  • The Dow flirted (a popular media word last week) with 13,000 to ended the week about 33 points higher at 12,989 (the broader S&P500, meanwhile, marked its highest close since 2008);
  • British Insurer Prudential is considering changing its headquarters to Hong Kong because of restrictive new European regulations due to come into place in January;
  • Fund management company Threadneedle has been ordered to examine its systems and controls following the revelation of an attempted rogue trade that occurred last year;
  • Rumours have been circulating that Google is preparing to release a set of high-tech glasses with built in mobile technology by the end of the year;
  • Greece and Eurozone ministers agreed a bailout deal where Greece is to receive loans worth more than 130bn euros (£110bn; $170bn);
  • Barely a week after Adele won six Grammy awards, she dominated the Brit Music awards winning The British Album of the Year and was named British Female Solo Artist. However, this was overshadowed by her acceptance speech being cut short. At first, she appeared to be gracious as the show was overrunning but then she gave a one-fingered salute to ‘the suits'. She has now reportedly refused to appear on a new ITV music show because channel bosses cut her speech;
  • Michael Jordan (he’s back in maybe a different type of full-court press) has sued a sports-store chain in China because it allegedly improperly used its name; and
  • Supreme Muggle JK Rowling is writing a novel for adults (what was Harry Potter then?). CJP

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