Thursday, March 8, 2012

#Leveson: Rupert Murdoch And Ted SHACKLEY

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Bill Casey was one of the key men in the acquisition of media after WW2. It was one of his proteges (a young German immigrant to the US) who was sent back to Germany after the war to take over Bertelsmann and build it up. Rupert Murdoch was very tight with Shackley, which is how he got launched on his global acquisitions and has now taken over the WSJ.

Murdoch was running a failed national newspaper in Australia while Shackley was station chief in Oz. Then suddenly he becomes a US citizen literally overnight and goes on an endless buying spree. Shackley's pockets were infinitely deep. At the time, Murdoch was facing the likely closure of his newspaper THE AUSTRALIAN. His ticket out was Shackley. This also explains why Murdoch was allowed to break all the rules in acquisition of media in America.
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