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Media companies, like the New York Times Company [NYT
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] and News Corp. [NWS
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], are facing a new set of challenges, and CNBC takes an in-depth look.
Media Mogul Drama
Media moguls are in fine form Tuesday.
News Corp.’s Rupert Murdoch is showing The Wall Street Journal’s managing editor the door, while former corporate siblings Les Moonves and Philippe Daumann are fighting over content.
Murdoch Targets the NY Times
Rupert Murdoch is taking on the New York Times by beefing up The Wall Street Journal’s political coverage and attempting to buy Newsday, a regional competitor to the Times.
News Corp. Empire in Trouble?
News Corp’s stock is down 24 percent over the past year, The Wall Street Journal’s managing editor is expected to resign, and even Murdoch’s new media business is giving him headaches.
Gray Lady Puts on Her Best Face
The New York Times is holding its shareholder meeting today, and a dissident shareholder group is pushing the company to examine “strategic options,” but Arthur Sulzberger Jr. says the company is not for sale.
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- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
- A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.
Data is a real-time snapshot *Data is delayed at least 15 minutes