Nov 7- News Corp, controlled by media mogul Rupert Murdoch, reported a 49 percent jump in quarterly profit on Wednesday, benefiting from growth in its newly acquired TV network business and subscription price hikes. The owner of the Wall Street Journal and the New York Post said its circulation and subscription revenue jumped about 59 percent to $1.03 billion.
Nov 7- News Corp reported a quarterly revenue on Wednesday that rose nearly 23 percent, as the newspaper and book publisher benefited from growth at its newly acquired TV network business and online real-estate listings unit. Net income available to shareholders rose to $101 million, or 17 cents per share, in the first quarter ended Sept. 30, from $68 million, or 12...
Nov 7- Rupert Murdoch- controlled Twenty-First Century Fox Inc reported a 2.5 percent rise in quarterly revenue on Wednesday, helped by growth in advertising ahead of the sale of the bulk of its business to Walt Disney Co. The Los Angeles- based studio and media company said net income attributable to shareholders increased to $1.29 billion or 69 cents per share...
Oct 16- A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors. Judge Alison Nathan of the U.S. District Court for the Southern District of New York approved a motion filed by the U.S....
Oct 16- A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors. Judge Alison Nathan of the U.S. District Court for the Southern District of New York approved a motion filed by the U.S....
Oct 16- A U.S. judge on Tuesday approved a settlement between a federal regulator, Tesla Inc and its chief executive officer, Elon Musk, over his tweets promising to take the company private, signaling an end to a tumultuous period for investors. Judge Alison Nathan of the U.S. District Court for the Southern District of New York approved a motion filed by the U.S....
SAN FRANCISCO/ BOSTON, Oct 11- Elon Musk replied with a Tweet saying: "This is incorrect" after the Financial Times reported that outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc chairman. The SEC settlement capped months of debate and some investor calls for stronger oversight of Musk, whose...
SAN FRANCISCO/ BOSTON, Oct 11- Elon Musk replied with a Tweet saying: "This is incorrect" after the Financial Times reported that outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch was the lead candidate to replace him as Tesla Inc chairman. The SEC settlement capped months of debate and some investor calls for stronger oversight of Musk, whose...
Outgoing Twenty-First Century Fox Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla chairman, the Financial Times reported on Wednesday, but Musk in a tweeted reply to the newspaper said, "This is incorrect."
SAN FRANCISCO/ BOSTON, Oct 10- Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, but Musk in a tweeted reply to the newspaper said, "This is incorrect." The SEC settlement capped months of debate and some investor calls for stronger...
SAN FRANCISCO/ BOSTON, Oct 10- Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions. The U.S. Securities and Exchange Commission, which said Musk's tweeted statements were fraudulent, allowed...
Oct 10- Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions. The U.S. Securities and Exchange Commission, which said the statement was fraudulent, allowed the billionaire to retain his role as...
Oct 10- Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times reported on Wednesday, citing two people briefed on the discussions. Tesla and Musk reached a settlement with U.S. Securities and Exchange regulators last month in which they agreed to pay $20 million...
Hope Hicks, one of President Donald Trump's former top aides, is joining Fox as its new EVP and chief communications officer.
Comcast said it had secured over 75 percent of Sky's shares, bringing it closer to finalizing the $40 billion takeover of the British pay TV group.
LONDON, Oct 4- Comcast said it had secured over 75 percent of Sky's shares, bringing it closer to finalizing the $40 billion takeover of the British pay TV group. Last month, Comcast emerged triumphant in the long-running battle for Sky after it beat Rupert Murdoch's Twenty-First Century Fox in an auction. Comcast said in a regulatory filing on Thursday that by Oct....
LONDON, Sept 27- Comcast said it would stop buying Sky's shares in the market after it secured 38 percent of the stock plus the 39 percent holding from Rupert Murdoch in the $40 billion takeover. The deal, struck at a price of 17.28 pounds, also marks a setback for U.S. entertainment giant Walt Disney which would have been Sky's ultimate owner as it has agreed a...
LONDON, Sept 27- Comcast, the victor in the $40 billion auction for Sky, said it had acquired 38 percent of the British pay-TV group's shares and did not intend to make any further market purchases for now. Comcast beat Rupert Murdoch's Twenty-First Century Fox in a rare auction held last weekend. Fox said on Wednesday it would sell its 39 percent stake in Sky to...
NEW YORK, Sept 24- The new S&P 500 communication services sector, which includes such high-profile names as Facebook Inc, Alphabet Inc and Netflix Inc, made its debut on Monday with a small gain, after the largest-ever overhaul of Wall Street's broad business sectors. The reshuffle appeared to happen without any disruptions after investors reorganized their...
LONDON, Sept 24- Sky shares jumped 9 percent on Monday to within touching distance of what Comcast will pay to buy Europe's biggest pay-TV group after seeing off competition from Twenty-First Century Fox. The U.S. cable-TV giant offered $40 billion in a rare weekend auction that brought to an end its battle against Rupert Murdoch's Fox and Walt Disney Co, which...
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