I guess when you’re rich you can do what you want

Rupert Murdoch’s Wall Street Journal has just raised Obama’s subscription price to the WSJ: to $600,000 a year. Probably more politics than economics behind this, the perennial risk of proprietor owned media that has a political axe to grind. Still, as an investor I would wonder about the business sense behind this.

J-Source, July 29 2010

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