February 15, 2013 |
Chairman Rupert Murdoch is taking advantage of the jump in value of News Corp. stock by selling $40 million in voting shares this week. Shares closed trading Friday at all-time highs. A News Corp. spokesman declined to provide a reason for Murdoch's pre-Valentine's Day sale of nearly 1.4 million Class B shares. The sale, which occurred Wednesday, was recorded Friday with the Securities and Exchange Commission. News Corp.'s B shares, the voting stock, closed trading Friday at $29.34, up 1.3%.
January 14, 2013 |
Now that Rupert Murdoch is spinning off News Corp.'s publishing properties into a separate company, media observers have identified the Los Angeles Times as a likely target for acquisition. Murdoch isn't one of them. "It won't get through with the Democratic administration in place," Murdoch said during a break in the Golden Globes ceremony Sunday night in Beverly Hills. PHOTOS: Golden Globes 2013 red carpet Murdoch was alluding to federal regulations that seek to limit media consolidation.
March 8, 2013 |
News Corp.'s soon-to-be publishing company will begin life with no debt and about $2.6 billion in cash -- illustrating the parent company's attempt to provide the new entity with solid financials and money for acquisitions. The new company, which will carry the News Corp. name when it is inaugurated this summer, will include the Wall Street Journal, Barron's, the New York Post, the Times of London, HarperCollins book publishing and an educational materials division called Amplify.
January 10, 1997 |
Sandy Grushow will become on Monday president of 20th Century Fox Television, the TV production arm of the major Hollywood studio. Grushow, who is stepping down as president of the shrinking Tele-TV telephone joint venture, is no stranger to the Fox family, serving as president of Fox Entertainment Group, where he oversaw programming and scheduling of the Fox broadcast network before joining Tele-TV in late 1995.
September 9, 1998 |
Fox Group officials are intent on hiring Dave Dombrowski of the Florida Marlins as the next Dodger general manager, baseball sources said Tuesday. Chase Carey and Peter Chernin--co-chief operating officers of Fox Group's parent company News Corp.--are scheduled to meet with Dombrowski today as a second round of interviews begin with four finalists for the position.
August 12, 1997 |
Forgot those Michael Milken rumors. In a press release issued Monday, Rupert Murdoch's Fox Group shot down speculation that Milken, a Los Angeles businessman and a convicted felon, would have a key role in the Dodgers if Murdoch's attempt to buy the team from Peter O'Malley is successful. The statement by the Fox Group reiterates Murdoch's desire to keep the current executive staff of the Dodgers in place.