When Rupert Murdoch’s media empire reports its fiscal fourth quarter earnings after the bell Wednesday, Wall Street will be just as curious to hear details of its plan to split News Corp in two, as it is to hear the details of the quarter.
News Corp stock is slipping ever so slightly on low volume following the announcement that criminal charges have been brought against eight key figures in the never-ending phone hacking scandal, Yahoo Finance reports.
British police say they are investigating new tabloids in the country's growing phone hacking scandal, including the Trinity Mirror newspaper group and Express Newspapers.
Companies with unfinished deals or problematic headlines have avoided the conference, usually a hotbed of affable networking among heavy-hitters.
Tech and media moguls descended on a tiny town in Idaho for Allen & Company's idyllic Sun Valley Conference. Here's what generated the most buzz.
Another day in Sun Valley, Idaho is filled with meetings and media moguls, reports CNBC's Kayla Tausche.
Mobile payments startup Square is going international.
While the Independence Day holiday is over, the media and tech industry is readying its own brand of fireworks as a veritable who's who of executives and up-and-comers descend on a tiny town in Idaho for Allen & Company's idyllic Sun Valley Conference.
Mr. Murdoch has never been particularly impressed with Mr. Romney, friends and associates of both men say. The two times Mr. Romney visited the editorial board of The Journal, Mr. Murdoch did not work very hard to conceal his lack of excitement. “There was zero enthusiasm, no engagement,” said one Journal staff member who was at the most recent meeting in December the New York Times reports.
To hear Rupert Murdoch tell it lately, Mitt Romney lacks stomach and heart. He “seems to play everything safe.” And he is not nearly as tough as he needs to be on President Obama.
Don Yacktman, Yakctman Asset Management president & co-CIO, is an investor in News Corp. He talks to "Street Signs" about what he makes of the split.
While News Corp.’s decision to split itself into two separate companies within the next 12 months would force some investors to sell their shares in the company, many see this announcement as a plus for the stock’s value, said David Joyce, a senior media analyst at Miller + Tabek.
News Corp. Chairman & CEO Rupert Murdoch speaks with CNBC's David Faber about plans to split the company in two. "The more I think about it, the more I know the split is the right move," says Murdoch.
News Corporation formally announced its intention to split its entertainment and publishing businesses on Wednesday morning, capping a week of speculation over whether Rupert Murdoch would unbundle the media empire he's built for more than half a century.
Investor’s hopes and share prices rose Tuesday as Rupert Murdoch’s News Corp. announced that it is considering dividing the massive media conglomerate into two separate, publicly traded companies.
According to sources, News Corporation is expected to announce a split of its company on Thursday, which would then take up to a year, reports CNBC's David Faber.
CNBC's Kayla Tausche reports News Corporation is considering separating its publishing arm from its much larger entertainment division. What does it mean for stockholders? Barton Crockett, Lazard Capital Markets senior analyst, weighs in.
The Lib Dems are set to deliver a blow to coalition unity on Wednesday by refusing to back the embattled culture secretary Jeremy Hunt in a vote in the House of Commons, the Financial Times reports.
British prime minister David Cameron faces the prospect of appearing for a full day at the Leveson Inquiry into press standards and ethics on Thursday, rounding off a week in which the elite of British politics will have given evidence into their dealings with the media.