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Rupert Murdoch

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  • June 25- Twenty-First Century Fox Inc said Roger Ailes had signed a multi-year contract to stay on as Chairman and Chief Executive of Fox News and Fox Business Network, and would jointly report to Rupert, James and Lachlan Murdoch. Fox promoted James Murdoch to chief executive in June, giving him day-to-day control of the company, and made Lachlan Murdoch...

  • Roger Ailes signs new contract at Fox Thursday, 25 Jun 2015 | 12:04 PM ET

    NEW YORK— Roger Ailes has signed a new contract to continue as chief executive of Fox News Channel, the network that has become a ratings and financial powerhouse since he created it two decades ago, 21st Century Fox said Thursday. Fox News is wildly popular with conservatives and has significantly more viewers than its news competitors. The network accounted...

  • CANNES, June 25- James Murdoch, who will take the helm of Twenty-First Century Fox next week, said there was little he and his father Rupert did not agree on with respect to the future of the family media empire. James Murdoch will soon be running a sprawling media empire that owns cable assets, broadcast networks and movie studios, including Twentieth Century Fox,...

  • NEW YORK— Long-time 21st Century Fox executive David Hill is leaving the movie and television company to start his own entertainment venture. The departure announced Tuesday comes a week before 21st Century Fox CEO Rupert Murdoch relinquishes his job to his son, James. Hill had become a Murdoch confidante during his 27- year career at 21st Century and its...

  • NEW YORK, June 19- News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States. News Corp spokeswoman Laura Adams said the company, which is controlled by Rupert Murdoch, is reviewing Thursday's decision.

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting resources to digital media. Dow Jones, which has about 5,000 employees worldwide, will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor-in-chief...

  • NEW YORK— James "Jimmy" Lee, the JPMorgan Chase banker who helped arrange some of the biggest corporate deals for companies including General Motors, News Corp. and Facebook, died Wednesday. JPMorgan Chase& Co. announced Lee's death, saying he passed away "unexpectedly." He co-led the deal to help Facebook go public in 2012. JPMorgan was the lead bank on General...

  • NEW YORK— James "Jimmy" Lee, the JPMorgan Chase banker who helped arrange some of the biggest corporate deals for companies including General Motors, News Corp. and Facebook, died Wednesday. JPMorgan Chase& Co. announced Lee's death, saying he passed away "unexpectedly." He co-led the deal to help Facebook go public in 2012. JPMorgan was the lead bank on General...

  • June 16- Twenty-First Century Fox Inc's Chase Carey will remain at the company for another year to support James and Lachlan Murdoch in their new positions running the media company. Rupert Murdoch, who controls Fox through a trust that owns 39 percent of the voting shares, will become executive co-chairman. The management changes take effect on July 1.

  • June 16- Twenty-First Century Fox Inc named Chase Carey executive vice chairman of the board, ensuring the respected media executive will remain with the company for another year. The board also on Tuesday promoted James Murdoch to chief executive and his brother, Lachlan Murdoch, to executive co-chairman. Rupert Murdoch, who controls Fox through a trust that...

  • Rupert Murdoch to hand over Fox CEO reins to son James Tuesday, 16 Jun 2015 | 4:25 PM ET

    June 16- Twenty-First Century Fox Inc said Rupert Murdoch will hand over the chief executive reins at the entertainment conglomerate to his 42- year-old son James. Rupert Murdoch, 84, will become executive co-chairmen, along side his elder son Lachlan. The company said the new changes are effective July 1.

  • James Murdoch to become 21st Century Fox CEO July 1 Tuesday, 16 Jun 2015 | 4:11 PM ET
    Rupert Murdoch

    The announcement that James Murdoch will replace his father Rupert confirms CNBC's previous report about the company's succession.

  • Will James Murdoch lead Fox to a digital future? Friday, 12 Jun 2015 | 2:30 PM ET
    21st Century Fox co-COO James Murdoch attends a Keynote during MIPCOM at the Palais des Festivals in Cannes, France, Oct. 13, 2014.

    Traditional mass media companies need to evolve in digital to stay in business. Some experts say Murdoch's son could make those changes for Fox.

  • Is there a governance issue at 21st Century Fox? Thursday, 11 Jun 2015 | 9:20 PM ET
    Is there a governance issue at 21st Century Fox?

    Martin Pyykkonen, MD of Internet, Media and Entertainment Industry Equity Research at Rosenblatt Securities, discusses the management reordering that will leave 21st Century Fox without a layer of senior management outside the Murdoch family for the first time.

  • June 11- James Murdoch, a Harvard drop out, former cartoonist and co-founder of a hip hop music label, did not always appear destined to follow his father as a media baron, but he will take the CEO job at Twenty-First Century Fox Inc with backing from some important investors. The hip hop record label James began as a young man, Rawkus Records, was bought by News Corp, the...

  • Have to wait and see what James Murdoch's vision is: Pro

    As Rupert Murdoch prepares to step down, Doug Creutz, Cowen and Company, discusses if digital media is taking share away from television.

  • When Murdoch leaves, Buffett to increase his lead Thursday, 11 Jun 2015 | 11:39 AM ET
    Rupert Murdoch

    As Rupert Murdoch prepares to leave his position at 21st Century Fox, Warren Buffett would increase his lead as oldest CEO in the S&P 500.

  • Murdoch prepping to step down from 21st Century Fox Thursday, 11 Jun 2015 | 10:53 AM ET
    Rupert Murdoch

    Rupert Murdoch is preparing to step down as CEO of 21st Century Fox and hand the title to his son James, sources close to the family said.

  • The Murdoch dynasty continues Thursday, 11 Jun 2015 | 10:00 AM ET
    The Murdoch dynasty continues

    Rupert Murdoch is planning to step down as CEO of Fox and will hand the title off to his son James Murdoch.

  • James Murdoch likely to become CEO of Fox: Sources Thursday, 11 Jun 2015 | 9:48 AM ET
    James Murdoch likely to become CEO of Fox: Sources

    Rupert Murdoch is expected to hand the Fox CEO title to son James, and Chase Carey is expected to step down as Fox COO, reports CNBC's David Faber.