What's the difference between a media mogul and a chief executive elsewhere in the business world? About $10 million in compensation. Leaders in other industries earn far less than their media industry counterparts, the NYT reports.» Read More
March 8- Rupert Murdoch's News Corp said the publishing arm it plans to spin off from its entertainment assets will have about $2.6 billion in cash on hand and no debt when it becomes an independent company. News Corp provided the financial details in a filing with the U.S. Securities and Exchange Commission on Friday.
March 8- Rupert Murdoch's News Corp will start its largely print-based publishing company with no debt and $2.6 billion in cash when it completes the spinoff. News Corp released the details in a regulatory filing on Friday. News Corp's publishing operations "certainly have the fire power to buy Time Inc," Harriss said.
March 3- An education technology conference this week in Austin, Texas, will clang with bells and whistles as startups eagerly show off their latest wares. But the most influential new product may be the least flashy: a $100 million database built to chart the academic paths of public school students from kindergarten through high school.
The company was a diversified media outfit 10 years ago, owning eight television stations; two radio stations; 16 newspapers in addition to the New York Times, the Boston Globe and the International Herald Tribune; and a slew of websites.
Feb 26- Tribune Co has hired investment bankers to sell off its newspaper unit, which includes The Los Angeles Times and Chicago Tribune, according to a person familiar with the situation. The company has hired Evercore and J.P. Morgan to run an auction for the newspapers, the person said. Tribune, J.P. Morgan and Evercore declined to comment.
Feb 26- Tribune Co has hired investment bankers to sell off its newspaper unit, which includes The Los Angeles Times and Chicago Tribune, CNBC reported on Tuesday. The company has hired Evercore and J.P. Morgan to run an auction for the newspapers, the network said.
Feb 22- Fox Broadcasting Co has asked a federal judge to stop Dish Network Corp from letting customers who use Dish's controversial Hopper digital video recording device watch Fox programs on tablets and smartphones. Fox, a unit of Rupert Murdoch's News Corp, on Thursday asked U.S.
Feb 22- Fox Broadcasting Co has asked a federal judge to stop Dish Network Corp from letting customers who use its controversial Hopper digital video recording device watch its programs on tablets and smartphones. The unit of Rupert Murdoch's News Corp on Thursday asked U.S.
Feb 15- Rupert Murdoch, chairman and chief executive officer of News Corp, sold less than 1 percent of his shares in the media company. News Corp, which owns Fox Network, The Wall Street Journal, and 20th Century Fox movie studios, is controlled by Murdoch's family through its ownership of 40 percent of Class B voting shares.
As much a part of the saucier side of British 20th-century life as cheeky seaside postcards and innuendo-loaded comedies, the topless models in Britain's best-selling daily paper might soon be no more.
Feb 6- News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks. News Corp's global media empire includes Fox Broadcasting, The Wall Street Journal and the film studio Twentieth Century Fox.
Feb 6- News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks. The media conglomerate, controlled by Rupert Murdoch, said revenue rose 5 percent to $9.43 billion for the quarter that ended in December.
*Virgin Media deal largest and latest for Liberty Global. Liberty Global already ranks as largest cable operator in Europe.
*Virgin Media competes with Murdoch's BSkyB in Britain. LONDON, Feb 6- John Malone's Liberty Global struck a deal on Tuesday to buy British cable group Virgin Media for about $15.75 billion in stock and cash, a move that would put the U.S. billionaire up against old rival Rupert Murdoch.
Michael Dell will take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, a deal that allows the billionaire chief executive to attempt a revival of his struggling computer company without Wall Street scrutiny. (DELL-BUYOUT/, moving shortly, by Poornima Gupta, 1,300 words).
*Virgin Media competes with Murdoch's BSkyB in UK. LONDON, Feb 5- John Malone's Liberty Global has opened talks with Britain's Virgin Media over a takeover that would increase the U.S. cable group's dominance in Europe and step up a challenge to media mogul Rupert Murdoch.
LONDON, Jan 18- Rupert Murdoch risked a spat with directors tasked with protecting the independence of London's Times and Sunday Times newspapers on Friday after ignoring their disapproval and appointing temporary acting editors to both titles.
Los Angeles, Jan 10- News Corp's 20th Century Fox led the Oscars race among Hollywood studios by scoring 31 nominations, including best picture nods for both "Lincoln" and "Life of Pi," setting the stage for the box office bounces that selected films often get.
Los Angeles, Jan 10- News Corp's 20th Century Fox received 31 Oscar nods on Thursday, taking the lead among studios in nominations for the 85th annual Academy Awards next month, and positioning it for the box office bounce that films' selections often bring.
Jan 4- Hulu Chief Executive Jason Kilar will leave the streaming TV company this quarter, he wrote in a blog post on the company's website on Friday, raising more questions about its future path under multiple owners.