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Anschutz buys the Oklahoman

Discussion in 'Journalism topics only' started by JRoyal, Sep 15, 2011.

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  1. LanceyHoward

    LanceyHoward Well-Known Member

    Anschultz made money in oil then moved into telecommunciations. Owned the Denver Rio Grande Railroad for a while.

    I don't have time to look this up but I think he invested in a telecom that merged into Qwest. He got a big portion of Qwest (the old Rocky Mountain Bell) in the merger so even when his Qwest stock did nothing he had a big enough chunk he sold for a huge bundle.
     
    LanceyHoward, Sep 16, 2011
    #25
  2. DanOregon

    DanOregon Well-Known Member

    I guess the nice thing for folks at the Oklahoman is that he will probably make more than enough flipping the extra stuff from this deal that he won't worry about what the Oklahoman's profits are. The Examiners are freebies and the Weekly Standard has largely been a water-carrier for conservative thought since its founding by Murdoch, reportedly losing at least $1 mil a year.
     
    DanOregon, Sep 16, 2011
    #26
  3. LanceyHoward

    LanceyHoward Well-Known Member

    This assumes that he is not going to flip the Oklahoman.
     
    LanceyHoward, Sep 16, 2011
    #27
  4. printdust

    printdust New Member

    I predict he'll sell it to CNHI, moving the Oklahoman one step closer to the telegraph for getting news out to a public.
     
    printdust, Sep 16, 2011
    #28
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