"Murdoch paid too much for the Wall Street Journal even when he didn't have any competition"

Sumner Redstone's quote recommends that Rupert Murdoch's purchase of the Wall Street Journal was a risky decision. Redstone implies that Murdoch paid an excessive amount for the newspaper, even when there were no other bidders. This recommends that Murdoch was either unaware of the real value of the Wall Street Journal or was willing to pay an inflated rate to get it. Redstone's quote suggests that Murdoch's purchase of the Wall Street Journal was a bad company choice, as he paid too much for the newspaper without any competition to drive the cost down. This might be viewed as a warning to other potential purchasers, as it recommends that they should be aware of the real value of the property they are acquiring and not be willing to pay an inflated cost.