The Murdochs just couldn’t afford Rightmove | Nils Pratley

The Murdochs just couldn’t afford Rightmove | Nils Pratley

News Corp dressed up its retreat as ‘financial discipline’, another way of saying it couldn’t afford what it wanted It’s not quite the 2005 Ashes, but well played, the board of Rightmove. REA Group, the would-be bidder majority-owned by Rupert Murdoch’s NewsCorp, is slinking back to Melbourne with its tail between its legs. A retreat…