Murdoch turns his back on Russia

News Corporation is retreating from the Russian market, says the Russian daily Kommersant. It bases its view on quotes from Rupert Murdoch in Beijing about Russia being an inhospitable place to do business. "The more I read about investments in Russia, the less I like the feel of it," he said. "The more successful we'd be, the more vulnerable we'd be to have it stolen from us." And that was two days before Russia went to war on Georgia. (Via FollowTheMedia)