Media quote of the day, via the reliable old lightning rod Rupert Murdoch, during a conference call discussing News Corp.’s quarterly earnings.
Question: Can you tell us how much you invested in the launch of the Wall Street Journal’s Greater New York section?
Murdoch: I would be happy to tell you. We invested nothing. We spent a million dollars preparing it, but advertising through June is more than paying for it. Any talk of us spending $30 million in a war is b.s.
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