Friday, February 18, 2005

Japanese media's vulnerability


Media on fire... Posted by Hello
Not about NHK or Asahi Shimbun this time, but Mr. Horie's Livedoor Co. and Fuji Television's feud has been the center of gossip this week.
This fight surely rings the bell how vulnerable the Japanese media is to such attacks by investors. The media has long been protected by a false sense of security, as buyouts seem to be challenging without expertise in the media. Now war has been declared and the media are paying attention carefully whether this may affect investors of their own and even perhaps the foreign buyers longing to control one of the lucrative companies.
I personally think Mr. Horie's aim was quite foreseeing, but just a little bit rough. The media is starting to criticize the young entrepreneur who they called a revolutionist a while ago for his challenges to buyout the Kintetsu Buffaloes, a then financially hampered pro baseball team. Now Mr. Horie's labeled a moneyed vulture.
It'll probably be entertaining to see the battle for a while (because I'm not in charge of the business news) though chances of Mr. Horie winning is becoming smaller each day... At least stabbing each other to death won't be wise!!

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