MURDOCH DETERMINED TO REVIVE HIS STRUGGLING NEWSPAPERS

Rupert Murdoch suggested on Thursday that he’s exhilarated by the prospect of restarting News Corp as a stand-alone news operation. At a New York investors conference, he remarked “You may be wondering why I want to do it all over again. The simple answer is: there is opportunity everywhere.” Not too many other media moguls […]

CABLE NETS DRIVING NEWS CORP PROFITS

Its Fox broadcast network may have a higher profile, but News Corp’s cable networks proved to be the driver of profits during its last quarter. The company reported that operating income at its cable outlets rose 17 percent to $993 million on revenue of $2.8 billion, largely as a result of solid ad sales for […]

DIGITAL HOME-VIDEO RELEASES BOOSTING STUDIO PROFITS

Releasing movies for digital download before they hit stores and rental outlets as DVDs and Blu-ray Discs may be reversing the downturn in home-video business that movie studios have struggled with in recent years. At least such is the case with 20th Century Fox Home Entertainment, News Corp COO and President Chase Carey said in […]

FOX NEWS WINS RATINGS VOTE

It may have been a more strident voice in opposition to Barack Obama during the 2012 election campaign than Mitt Romney’s, but unlike Romney, Fox News turned out to be a big winner at the end of the day. In its quarterly report, released on Wednesday, News Corp reported that its cable unit, of which […]

MURDOCH’S NEWS TROUBLES CONTINUE TO GROW

The slowly unwinding scandal involving Rupert Murdoch’s British newspapers pressed on today (Tuesday) as the former defense editor of The Sun and a London police detective — both arrested nearly a year ago — were officially charged with conspiring to commit misconduct in public office. The formal charge alleged that former constable Paul Flattley received […]

HUGH GRANT SETTLES HACKING LAWSUIT

Hugh Grant has settled his telephone-hacking lawsuit against Rupert Murdoch’s News International for an undisclosed “substantial sum” and said that he will donate the money to the Hacked Off campaign, which demands tougher press regulation. Grant had sued News International, the British publishing unit of Murdoch’s News Corp, after being informed by Scotland Yard that […]

MURDOCH DEMERGES HIS PUBLISHING AND ENTERTAINMENT COMPANIES

Rupert Murdoch on Monday formally announced the split of News Corp into two companies. One, which will retain the name News Corp, will include all of the company’s publishing operations, including The New York Post, The Wall Street Journal, Dow Jones, the London Times and Sunday Times, the London Sun and the Sun on Sunday […]

MORE TURMOIL AT NEWS CORP’S U.K. OPERATIONS

The scandal plaguing News Corp’s British newspapers has claimed another victim — this time, the very man who has been working hard to set the ship on an even keel again. Early today (Monday) Tom Mockridge, a 21-year-veteran of Rupert Murdoch’s media conglomerate, resigned as CEO of News International, the unit that served as a […]

AFTER 9-MONTH PROBE, LEVESON ISSUES MILD REPORT ON UK MEDIA

For an investigation that was triggered by the alleged misdeeds of News Corp’s British subsidiary, News International, whose tabloids, the now-defunct News of the World and The Sun, were accused of hacking the voicemail of thousands of citizens and paying bribes to police and other officials for information, there was surprisingly scant criticism of Rupert […]

MAJOR NEWS CORP INVESTORS PREPARE TO BATTLE MURDOCH

The reported decision by News Corp to name James Murdoch to run the company’s Fox TV operations after he was strongly censured by OFCOM, the British broadcasting regulator, for his failure to take action in the British hacking scandal, is being seen as an unconscionable act of defiance by some News Corp shareholders. Julie Tanner, […]

Next Page »