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News Corp says it 'will crush the FT'
PETER Chernin, the president of Rupert Murdoch's News Corporation, has said the media giant will "crush" the Financial Times after acquiring its big US rival.
In his first public comments since agreeing to spend $5bn (2.5bn) on Dow Jones, Murdoch's right-hand man fired the first shot in the battle to establish the Wall Street Journal as a global financial-news brand.
His comments pitch News Corp squarely against Pearson, owner of the Financial Times, in its bid to build a global brand.
He said : "We don't want to buy the FT. News Corp will crush it."
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Saturday 26 May 2012
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