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.
Murdoch's Divorce To Have No Impact On News Corp's Business
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.
Largest Newspaper Owner In Nation Apparently Doesn't Want To Be In Newspaper Business
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.
Rupert Murdoch Heckled By #OccupySesameStreet
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.)