Intriguing interview clip here:
According to Wolff, however, the real issue is that Murdoch has "come to like the liberals more than the conservatives -- and many of them have come to like him, too. ... His life is now largely spent around people for whom Fox News is a vulgarity and a joke."
"If he became utterly convinced," asked Olberman, "not only would a liberal network make you five times the money that Fox News makes you, but one will exist and it will put Fox News out of business, would he go down the street tomorrow, shut off Fox News, and put on a liberal version of it just for the money?"
"In a New York minute," Wolff replied.
"He saw a market niche," Wolff explained. "It was easy to get into, it was easy to service these people, it was cheaper to service these people, and he went for it. ... He saw a money-making formula."
Wolff believes that now Murdoch, "wants something else. ... He is becoming something else."
Wolff explained, "One of the interesting things about Murdoch is that he is -- how would we say this? -- henpecked." In the 1980's, Murdoch was influenced by his second wife, who was "classically, and in a doctrinaire way, a Catholic conservative." But "now he's with a woman 38 years his junior, quite young, quite liberal, quite open, and certainly engaged with all of the Hollywood people."
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