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Rupert Murdoch


  • Disney: You're fired! Now train your replacements Thursday, 4 Jun 2015 | 12:00 AM ET
    The Team Disney building near Walt Disney World, where about 250 Disney employees were told in late October that they would be laid off, in Lake Buena Vista, Fla., May 22, 2015.

    Disney laid off about 250 employees, transferring many of their jobs to immigrants on temporary visas for highly skilled tech workers, NYT reports.

  • Penthouse flipping reaches new heights Wednesday, 3 Jun 2015 | 1:10 PM ET
    Penthouse 1 in Walker Tower is back on the market for $70 million.

    The strong rebound in house flipping has reached a new extreme: penthouse flipping.

  • The final season will feature long-time host Ryan Seacrest and current judges Jennifer Lopez, Keith Urban and Harry Connick, Jr, Fox said. Fox, owned by Rupert Murdoch's Twenty-First Century Fox Inc, said in February last year that it expected to wind down American Idol after lower ratings led to a fall in advertising revenue in the company's TV unit.

  • Verizon Communications Inc is the latest distributor to challenge the traditional pay-TV universe when it launched in April a new slimmed-down package of channels with the option to add on genres such as sports, kids or news. Fox, along with Comcast Corp's NBC Universal, said Verizon's service violates their contracts that allow Verizon to carry their...

  • May 6- Rupert Murdoch- controlled Twenty-First Century Fox Inc reported a 1.2 percent rise in quarterly adjusted revenue, helped by growth in its cable network business and the box office success of "Taken 3" and "Kingsman: The Secret Service." Net income attributable to shareholders fell to $975 million, or 46 cents per share, in the third quarter ended March 31, from...

  • May 5- News Corp, owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers. At the Wall Street Journal advertising revenue fell 11 percent. Robert Thomson, CEO of News Corp, said in a statement that real estate will "underpin long-term expansion."

  • LUXEMBOURG, May 5- In a clash of corporate titans over naming rights in a fast-changing industry, Microsoft and its Skype phone service came out on the losing side of an EU court battle on Tuesday with Rupert Murdoch's television business Sky. Judges at the General Court of the European Union in Luxembourg upheld a complaint that the British broadcaster lodged a...

  • News Corp revenue falls marginally Tuesday, 5 May 2015 | 4:18 PM ET

    May 5- News Corp, the publisher of the Wall Street Journal, reported a marginal fall in quarterly revenue, hurt by the stronger dollar and dwindling advertising sales at its newspapers. Net income attributable to shareholders fell to $23 million, or 4 cents per share, for the third quarter ended March 31, from $48 million, or 8 cents per share, a year earlier.

  • News Corp. reports earnings miss, stock stable Tuesday, 5 May 2015 | 4:13 PM ET
    News Corporation building in New York

    News Corp. pointed to negative currency moves as a reason for its missed earnings report on Tuesday.

  • LONDON, April 26- Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday. Scots rejected independence in that referendum, but the Scottish National Party is now forecast to win the majority of...

  • *UK faces election on May 7. LONDON, April 26- Britain's Labour Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. With Labour and the Conservatives level in most polls and neither on...

  • April 21- Saudi Arabia's Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox, by far the largest part of the media empire that James' father Rupert Murdoch built. It is also unclear what title James would take or whether there is any possibility that Rupert Murdoch, 84, would relinquish the Fox...

  • Rupert Murdoch's penthouse on sale for $72 million Friday, 17 Apr 2015 | 5:15 PM ET
    An artist's rendering of Manhattan's One Madison.

    For a hefty $72 million, Rupert Murdoch's penthouse in One Madison, Manhattan is on the market, the Wall Street Journal reported.

  • Crisis-hit Sony studio sends for rewrite Thursday, 16 Apr 2015 | 11:26 AM ET
    Kazuo Hirai, left, and Michael Lynton shake hands during a news conference in Tokyo.

    Sony Pictures has adopted a more cost-conscious approach since being hacked, the FT reports.

  • NEW YORK, April 10- News Corp and 21st Century Fox, controlled by Rupert Murdoch, are in talks to build a joint headquarters in a new 88- story skyscraper at the World Trade Center in lower Manhattan, The New York Times said on Friday. "21st Century Fox and News Corp are each exploring options for their New York headquarters and the process is ongoing," a spokesman for...

  • 2 media giants may move to World Trade Center site Friday, 10 Apr 2015 | 2:39 PM ET
    News Corporation building in New York

    News Corporation and 21st Century Fox plan to build a joint headquarters at the World Trade Center, The New York Times reports.

  • LONDON, April 7- French media conglomerate Vivendi is looking at a possible acquisition of pay-TV group Sky, as one of several options to expand the reach of its own TV group Canal Plus, three sources familiar with the matter said. Vivendi has turned its attention to Sky after reviewing smaller pay-TV targets in Turkey and other fast-growing markets in Europe, one...

  • Cablevision to make $1 offer for New York Daily News Tuesday, 31 Mar 2015 | 6:12 AM ET
    A woman buys a copy of the New York Daily News, featuring Speaker of the House John Boehner on the cover, following a government shutdown, Oct. 1, 2013, in New York.

    Cablevision Systems is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1.

  • March 30- U.S. cable T.V. operator Cablevision Systems Corp is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1, according to a person familiar with the matter. Cablevision's $1 bid takes into account the New York Daily News' reported $30 million annual loss and $150 million investment in a printing...

  • Is Twitter big enough to be in venture capital? Tuesday, 24 Mar 2015 | 1:39 PM ET

    Twitter is trying to crack into venture capital despite having a fraction of the cash position of corporate tech VCs Google, Intel and Qualcomm.