links for 2008-07-27

There is no bad Mur­doch. There is no good Mur­doch. And Steiger knows it. There is only Murdoch.

The [Clear Chan­nel] sale is [part of] … a grow­ing trend for private equity pur­chases of media firms… [It] stems from the fact that the mar­ket value of many does not reflect the under­ly­ing cash flows and asset val­ues or the mid– to long-term prospects.