ABU DHABI – News Corp. CEO Rupert Murdoch told government officials and financiers here Tuesday that the best way to grow a thriving media economy in the Middle East is to take risks. That, he said, will mean limiting censorship and opening up to foreign competition – even when it hurts.
Sure, the message was a little self-serving; Murdoch wants to expand his media empire in the burgeoning Middle East market, and the blessing of Abu Dhabi's rulers would help. But he's not the only media baron paying attention to the region. His comments opened the inaugural Abu Dhabi Media Summit, a tech and content confab that has drawn the likes of Google (GOOG) CEO Eric Schmidt, AOL CEO Tim Armstrong, and Barry Meyer, CEO of Warner Bros -- which, like Fortune, is owned by Time Warner (TWX).
Apple's smartphone lands with a bang in Korea as pre-orders approach 65,000
After China's muted reception, Koreans greeted the launch of the iPhone Saturday in the style to which Apple (AAPL) has become accustomed. Hundreds of customers lined up, some as long as 26 hours in advance, to pick up the country's first batch of 1,000 iPhones amid helium-filled balloons, flashing strobe lights and a blaring rockabilly band.
According to the AP, MOREPhilip Elmer-DeWitt - Nov 28, 2009 7:18 AM ET
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