Curse of the Mogul

If Rupert Murdoch and Sumner Redstone are so smart, why are their stocks long-term losers?

We live in the age of big Media, with the celebrity moguls telling us that "content is king." But for all the excitement, glamour, drama, and publicity they produce, why can''t these moguls and their companies manage to deliver better returns than you''d get from closing your eyes and throwing a dart? The...