In this episode we dig down into the very beginnings of social media, where MySpace was streets ahead of everyone else.
And then Rupert Murdoch, the most famous, the most feared and perhaps one if not the most successful media tycoons of the 20th century enters the fray and I don’t know about you, but any business story that has Rupert Murdoch in it is going to be a cracker.
Article: The Myspace Meltdown: Murdoch, Missteps, and the Lost Battle for Social Media
Welcome to todays episode "Ackman vs. Icahn: The Herbalife Battle That Shook Wall Street"- now shook might be too strong a word- but it definitely gripped Wall Street and the business media as billionaire hedge funders Bill Ackman and Carl Icahn publicly feuded when Ackman took a short position on Herbalife and Icahn took the other side of the bet.
https://gbspod.com/blog/ackman-vs-icahn-the-herbalife-battle-that-shook-wall-street
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Link to the story on our blog: https://app.podcastpage.io/settings/great-business-stories/blog/edit/sumner-redstones-battles-billion-dollar-deals
Redstone, who died in 2020 is one of the most interesting and successful media moguls of the the 20th century - he bought MTV before it took off, he bought CBS and Paramount studio.
We examine how he built his business from a handful of cinemas to a media empire
We dig into the huge deals he got involved in
We ask if he was a true visionary or a hugely ambitious opportunist
We look at how his dysfunctional and fractured relationship with his family led to the dynasty-like soap opera that probably eclipsed his business successes.
Also, this episode was recorded in 2023 so before Paramount was sold.
And just to let you know, at the start of the podcast we mention our main sources- there’s a link at the bottom of this podcast that brings you to our blog where the main sources are highlighted at the top of the article, and there’s links to some really great photos there that are relevant to this story.