Jeff Bewkes doesn’t like big media mergers, but that doesn’t mean he won’t make a good deal, from Rupert Murdoch or another bidder. He’ll do whatever creates the most value for shareholders, and now that most likely means selling.
Queensland’s wittiest tabloid is on fire.
Stranger things have happened.
Think Ali Rowghani’s abrupt and unceremonious dismissal from Twitter this week was bad? Check out these brutal executive ousters.
Those geniuses at TomoNews have done it again!
Probably not what News Corp was going for here.
All Rupert Murdoch had to do to reposition his eldest son Lachlan as his successor, which is what he always wanted, was break up his media empire.
Apple makes nearly half a million dollars for each of its 80,300 employees, by far the most of any company on the list.
The Journal’s revamped tech coverage section launches next month. The company is launching a global conference, too.
A Goldman Sachs report out today details some major shifts in the hedge fund world’s market preferences.
This is what we imagine is going through the media mogul’s mind in the photos on his Tumblr page.
The online video service, which generates nearly $700 million in annual revenue, is stuck in ownership purgatory.
News Corp Chief Executive Rupert Murdoch is single again, after catching the media world flat-footed by filing for divorce from his wife of 14 years, Wendi Deng Murdoch. Not only is Murdoch’s marriage splitting, but so is his company. News Corp is set to divide into two companies next week.
Rupert Murdoch filed for divorce from wife Wendi Deng Murdoch after 14 years of marriage, saying the relationship was “irretrievably broken.” The company’s operations are not expected to be affected, and Deng is subject to terms of a pre-nup.
Gannett, which owns the USA Today, Detroit Free Press and 80 other daily newspapers, spent $2.2 billion to buy a TV station company Thursday. Gannett now owns 43 TV stations and gets more revenue from broadcasting than newspapers.
Yahoo has entered the bidding for online video site Hulu. But Yahoo CEO Marissa Mayer seemed to suggest the company was done with big deals for this year after the Tumblr purchase. Or did she?
The studio remains 20th Century Fox as the successor to the current News Corporation gets a minimalist new logo.
Aping newsprint exacted a massive technical cost. And experiencing technical difficulties was practically The Daily’s ethos.
News Corporation’s The Daily is cutting a third of its staff after 18 months of publishing. “If anything,” says a former staffer, “edit was understaffed.”
Before venting on Twitter, the News Corp. chairman grumbled behind the scenes. A particular irritant: Immigration.
The News Corp. CEO gave a speech in San Francisco yesterday at an education summit and was interrupted by #OccupySesameStreet activists, ostensibly speaking out for education reform. All six protesters were ejected from the conference but no arrests were made. Staged? (via Gawker and Xinhua News.)
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Ladies and gentlemen, introducing the biggest news story of the day.
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Rupert Murdoch took out full page ads in all of Britain’s major newspapers today to apologize for the phone hacking scandal which is threatening to bring down his media empire. Initial reaction falls squarely under “too little, too late.”
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Chief executive of News International Rebekah Brooks, a close ally of Rupert Murdoch, has resigned amid the international phone hacking scandal that has engulfed Murdoch’s News Corp. The resignation is an abrupt turnaround for Brooks, who had been staunchly defended by Murdoch throughout the scandal.
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In a major blow to News Corp., Rupert Murdoch has abandoned efforts to acquire British Sky Broadcasting, admitting that the fallout from the metastasizing phone hacking scandal has made the bid politically impossible. On another front in the fast-moving scandal, British Prime Minister David Cameron has promised a thorough inquiry into allegations Murdoch’s employees attempted to bribe a New York City police officer in order to obtain information on victims of the 9/11 attacks.
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