Rupert Murdoch has purchased the top 4 floors of One Madison Avenue for more than $57 million and plans to turn the space into a residence. CNBC's Carl Quintanilla reports.» Read More
The chief executive of News International, the scandal-hit British newspaper arm of Rupert Murdoch's News Corp, will step down at the end of the year, the company said on Sunday.
Alex DeGroote, media analyst at Panmure Gordon, tells CNBC that the government is in favor of a light touch in terms of regulation of the press, but their coalition partners may not be of the same view.
The media conglomerate, which had been on its heels for more than a year because of the phone hacking scandal in Britain, is looking to make acquisitions again. The NYT reports.
News Corp. is "well positioned for growth" despite "significant challenges due to economic headwinds," its COO said Tuesday, shortly after the media company reported better-than-expected quarterly results.
Nov 2- Alan Murray is leaving the Wall Street Journal to assume the role of president of the Pew Research Center, effective in January, the center announced on Fr iday. As part of the Washington- based Pew Charitable Trusts, the non-partisan Pew Research Center's mission is to inform the press, public and policy makers. Dow Jones and News Corp declined to comment.
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NEW YORK-- News Corp. said Friday that Fox News chief executive Roger Ailes has signed a new four-year contract. Ailes, 72, first joined News Corp. in 1996. He will continue to oversee Fox News, the Fox Business Network, the Fox TV stations, Twentieth Television and MyNetwork TV.
SHAREHOLDER SHUTDOWN: Three shareholder proposals aimed at diluting the control of News Corp. by the family of Rupert Murdoch were defeated Tuesday, but a couple proposals had significant support from independent shareholders.
LOS ANGELES-- News Corp. managed to avoid rowdy protests at its annual shareholders meeting Tuesday, but that didn't stop stockholders from voicing complaints about the grip on the company held by founder and CEO Rupert Murdoch and his family.
LOS ANGELES-- News Corp. managed to avoid rowdy protests at its annual shareholders meeting, but that didn't stop stockholders from voicing complaints about the grip founder and CEO Rupert Murdoch and his family have on the company.
NewsCorp.'s annual shareholder meeting delivered another win for the Murdoch family, despite growing investor opposition to the family's control over the company.
A growing list of investors is opposing Rupert Murdoch and his family’s control over News Corp. ahead of the company’s annual meeting in Los Angeles on Tuesday.
The nation's two largest public pension funds are now taking aim at Rupert Murdoch. Mark Standriff, Frontline Strategies, explains.
CNBC's Julia Boorstin reports Rupert Murdoch's role as chairman of News Corp may be in jeopardy, along with the board positions of his sons James and Lachlan.
*ISS recommends shareholders vote to re-elect all News Corp directors. Oct 4- News Corp's controlling Murdoch family received a major endorsement, and won a symbolic victory, with proxy advisory group Institutional Shareholder Services' recommendation that shareholders vote to re-elect the company's board of directors at its annual shareholder meeting.
Oct 4- Rupert Murdoch conceded defeat this week in his battle with Google and the Internet, an adversary even more powerful than the British government. Coincidentally, News Corp, Murdoch's holding company, announced the departure of its chief digital officer, Jonathan Miller.
*Morgan Stanley is in talks to sell a majority stake in its commodities business to the Qatar Investment Authority. *Singapore state investor Temasek Holdings is putting pressure on Standard Chartered to appoint more independent directors.
Rail passengers face years of uncertainty over who will run some of Britain's busiest train routes after the Government admitted a huge blunder in awarding the franchise for the West Coast main line. FirstGroup is considering legal action against the Department for Transport after it pulled the controversial West Coast rail bid.
LONDON-- A high-ranking British detective has been charged with offering to brief the News of the World about the progress of a police investigation into phone hacking at the now-defunct tabloid _ one of the most serious allegations so far uncovered in the wide-ranging scandal.
James Murdoch is being lined up to take direct responsibility for News Corp’s U.S. television businesses, even as his record in the UK was attacked by media regulator Ofcom, the FT reports.