In August 1989 the company said it wanted to sell assets to reduce debt.
"That means they're selling more dollars to reduce their currency risk."
Even so, he continued, Vivendi would still need to sell assets to reduce its debt.
Mr. Murdoch said he would sell assets to reduce the debt by at least $1 billion.
Mr. Maxwell had already been scrambling to sell assets to reduce debt.
Vivendi needs to sell things to reduce their debt.
British Telecom has been trying to sell assets to reduce some £30 billion in debt used to finance the development of new services.
The contract lost $1.02 on Friday, when some traders sold to reduce their exposure to diplomatic and military uncertainties over the weekend.
Are stores selling at a loss to reduce high levels of inventory?
Also, some companies sell dedicated network cards to reduce lag and increase the performance of multiplayer.