Shorting News Corp. (NWS) On Principle
April 13th, 2008 by 
James Cullen
Last night, I was watching the (rain delayed) Red Sox-Yankees game on Fox. What turned out to be a five hour affair came down to the Sox holding a one-run lead in the ninth inning, with two outs, two strikes, Papelbon on the mound and Robinson Cano at the plate.
At this point, Fox switched the game off to broadcast the start of a Nascar race. Belated word then comes that the end of the Red Sox game will be shown on FX - definitely not part of the cable package here at Boston College, home of the NCAA hockey champions.
I don’t generally believe in principled investing - after all, I like Wal-Mart (WMT). But some things are unforgiveable, and being subjected to Tim McCarver for a whole game and then being deprived of seeing the end is one of them. What else to do, but short News Corp. (NWS) on principle?
Subscribe to our feed:
See more James Cullen, Media, NWS | 
April 13th, 2008 at 7:24 pm
What type of school do you go to where they don’t have FX? That in itself is the unforgivable thing.
April 13th, 2008 at 8:52 pm
Boston College does have a pretty crappy/minimalist cable package.
April 14th, 2008 at 4:47 pm
Shorting a wide-moat, low uncertainty company on principle?!?! Could have been a nice 4.5% gain today…LOL. I’m curious to know how this one turns out.
April 15th, 2008 at 4:49 pm
If we are shorting on principle, how about adding CHTR to the list? Considering the short interest is near 46% and they are one of the worst run companies I know of, it seems like an easy “moral” target.
April 15th, 2008 at 8:31 pm
Agreed, Charter is terrible. I don’t know why they just don’t declare bankruptcy and start over…