ANOTHER DISTRACTION FOR MURDOCH: AMOUNT HE PAID FOR DAUGHTER’S FIRM

Of the $675 million paid by News Corp to acquire Elisabeth Murdoch’s production company, Shine Group, Ms. Murdoch herself pocketed $214 million, the Los Angeles Times reported today (Wednesday), citing News Corp’s annual SEC filing. In addition, $60 million of the sale price was put in escrow to “satisfy any indemnification obligations” should they be [...]

MURDOCH LASSOS DAUGHTER BACK INTO NEWS CORP

Rupert Murdoch has brought his daughter Elisabeth back into the News Corp fold. His media conglomerate announced Tuesday that it had agreed to buy her London-based production company Shine Group in a stock swap worth about $674 million that would give her a seat on the board, where she would join brothers Lachlan and James. [...]