[cnn-photo-caption image= http://i.cdn.turner.com/cnn/2008/images/05/29/art.murdoch.jpg caption="Rupert Murdoch is chairman of News Corp.'"]
(CNN) - Rupert Murdoch offered a dire prediction Wednesday for John McCain's chances in the general election.
He will lose in a landslide, the News Corp. chairman said at a California conference, according to Reuters.
"You have got the Obama phenomenon, Murdoch said. "You have got, undoubtedly, a recession ... The average American is really getting hurt financially and that all bodes well for [Obama].
"You have probably the making of a complete phenomenon in this country," Murdoch continued, referring to what he thinks will be an overwhelming victory for the Democratic presidential candidate.
The News Corp. chairman, often viewed as a messenger for the Republican Party given his holdings include several media organizations with a conservative bent, also showered praise on the Illinois senator, calling him a "rock star."
While calling himself a friend of McCain, Murdoch said his lengthy stint in Congress has led the Arizona senator to make so many compromises that it is not clear where he stands on the major issues. He also called McCain "unpredictable," and questioned his knowledge on economic issues.
News Corp's holdings include Fox News, the Wall Street Journal, and the New York Post. The Post endorsed Barack Obama over Hillary Clinton earlier this year.