In the past year, the rumor mill has sputtered out names
including entertainment mogul Oprah Winfrey, Dallas Mavericks owner Mark Cuban, and rapper Kanye West.
Most of China's tech giants,
including instant messaging and gaming company Tencent, mobile handset maker Xiaomi, portal and microblogging giant Sina, and the country's video streaming sites YoukuTudou, iQiyi, and LeTV, all have rushed into the rapidly growing space, joining upstarts such as Panda TV, an e-sports streaming app owned by Wang Sicong, the son of Wang Jianlin, China's richest man, a real estate
mogul with aspirations in media and
entertainment.
Murdoch is the last of the media
moguls who rose to power in the latter part of the last century, part of a colorful cohort that
includes Sumner Redstone, John Malone and Barry Diller, merciless executives who forged the TV industry as cable and satellite became the dominant platform for
entertainment.