Rupert Murdoch: media cooling on Obama by year end

Rupert Murdoch (pictured), owner of Fox News and the Wall Street Journal, says 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.

Media mogul Murdoch also predicts opinion of Obama will swing by year's end.

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.

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