Tuesday, February 26, 2008

Media-Whore D'Oevres



"If the enemy of my enemy is my friend, as the old chestnut says, then it makes perfect sense that Barry Diller would host a swanky soiree last summer for his former boss Rupert Murdoch. They once had been on the outs: after building the Fox television network for Murdoch in the 1980s, Diller stormed off when Murdoch refused to make him a partner in his News Corp. media empire. But 15 years later, here was Diller—now a full-fledged mogul in his own right after building up the Internet company IAC/InterActive—hosting the crème of Manhattan aboard his yacht to celebrate Murdoch's successful bid for Dow Jones and its iconic Wall Street Journal. When Diller and his wife, fashion designer Diane von Furstenberg, welcomed Murdoch and his wife, Wendi, aboard their yacht, moored on the Hudson near Diller's new Frank Gehry–designed headquarters, the two moguls found themselves in the same boat in more ways than one. They now had a common nemesis: cable titan John Malone, who'd eased his way into each of their companies with big, friendly investments." (Newsweek)

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