Explaining the Cozy Relationship Between Apple and News Corp.
In fact, for two men who outwardly have little in common, save for spectacular wealth, Murdoch and Apple boss Steve Jobs are awfully simpatico these days. Murdoch has often gushed with admiration for the iPad, which he calls a "game-changer" that will revive the newspaper industry. That's in marked contrast to his stance toward the Kindle, whose maker, Amazon (AMZN), galls Murdoch with its stingy revenue split and refusal to share customers' data.
For his part, Jobs was no doubt pleased when News Corp. abandoned vague ambitions to develop an e-reader of its own. Jobs' strategy of using other people's cheap content to drive sales of expensive Apple devices also dovetails nicely with Murdoch's historic willingness to engage in price wars with competitors he regards as less deep-pocketed, more susceptible to investor pressure, or simply less committed than he. For all his talk of the high value of content, he's always been willing practically give it away if that means inflicting pain on a rival, be it the New York Daily News or the London Telegraph. (The same goes for advertising.)
Rupert and Steve: a bromance for the ages.