Murdoch: Media still supports Obama

July 09, 2009 The world's most powerful media moguls are "very bearish" on the economy, but they don't seem to be blaming President Obama for the tough times, Rupert Murdoch says. Apart from Fox News and the Wall Street Journal, both owned by News Corp., the media "remains very supportive of him, perhaps not of all of his policies," Murdoch told Stuart Varney of Fox Business Network. Speaking during an interview with Varney on Thursday at the Allen & Co. conference in Sun Valley, Idaho, the News Corp. chairman and CEO also criticized the stimulus bill that was supposed to have juiced the U.S. economy.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.