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|RUPERT MURDOCH recently appointed his son James chief executive of 21st Century Fox, prompting the obvious question: How can a guy whose main credential is a silver spoon compete with Silicon Valley's meritocratic coders and entrepreneurs?
I suggested that disconnect in a testy interview with James several years ago, when he was running his father's satellite broadcasting company, BSkyB. 'You must be incredibly stupid,' he said with trademark Murdoch dismissiveness. 'Look around you, man. It's television!'
Supremely confident that the Murdochs were old-media toast, I looked around, and it was in fact perplexing that BSkyB had, despite the Internet, become a colossus -- one of the biggest businesses in Europe.