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Media Rupert Murdoch

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  • 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.

  • Rupert Murdoch expected to step down Thursday, 11 Jun 2015 | 9:47 AM ET
    Rupert Murdoch expected to step down

    Rupert Murdoch expected to hand Fox CEO title to son James, reports CNBC's David Faber.

  • LONDON, June 4- Britain's Trinity Mirror newspaper group will appeal against a court ruling ordering it to pay a total of 1.2 million pounds in damages to eight phone-hacking victims, arguing the amount is "disproportionate," it said on Thursday. "MGN Limited has already accepted that it should pay appropriate compensation to individuals who were the target of...

  • 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.