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ENTERTAINMENT
September 20, 2012 | By Meg James
Rupert Murdoch's News Corp. expressed gratitude over a British regulators' finding that the company remains a "fit and proper" holder of a broadcast license, but it vigorously defended the mogul's youngest son's actions while running the British arm of the sprawling operation. The media regulatory agency, known as Ofcom, on Thursday harshly criticized James Murdoch, the former head of the satellite television giant British Sky Broadcasting, for his weak response to the phone-hacking scandal that consumed the media conglomerate's London-based newspapers.  Ofcom said the younger Murdoch "repeatedly fell short of the conduct to be expected of him as a chief executive officer and chairman" of News International, the British arm of his father's giant News Corp.
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ENTERTAINMENT
October 18, 2013 | By Meg James
Rupert Murdoch easily swatted away another attempt to loosen his control over 21st Century Fox. Fox shareholders on Friday overwhelmingly supported the 82-year-old mogul's bid to retain his seat on the Fox board.  Murdoch had the fifth-highest vote total in the company's annual election, with 463 million votes supporting his return, while 46 million votes were cast against him. Three newly elected members of Fox's board captured higher vote...
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NEWS
April 3, 2012 | By Henry Chu
REPORTING FROM LONDON -- James Murdochsaid Tuesday he is stepping down as chairman of the satellite TV network BSkyB amidBritain'songoing phone-hacking scandal and accusations that newspapers under his leadership broke the law and tried to cover it up. In a letter to other members of the BSkyB board, Murdoch indicated he had decided to resign because of the constant stream of negative publicity surroundingNews Corp., whose British arm, News International,...
ENTERTAINMENT
August 30, 2013 | By Meg James
21st Century Fox Chief Executive Rupert Murdoch's overall compensation declined slightly in fiscal 2013, to $28.9 million. During the previous year, Murdoch had a $30-million compensation package. That was nearly 10% lower than his fiscal 2011 earnings of $33.3 million. Despite the dip, Murdoch's annual base salary remains the highest in the industry, at $8.1 million. During the past year, Murdoch's bonus was divvied up into two categories: stock awards, which were valued at $5.1 million, and a performance-based cash bonus of $12.5 million.
BUSINESS
September 14, 2011 | By Meg James and Janet Stobart, Los Angeles Times
James Murdoch is being called back before a committee of the British Parliament to further explain his involvement in the cellphone hacking scandal that continues to shake the family-controlled News Corp. media empire. Parliament's Culture, Media and Sport Committee said Tuesday that it would like to re-question the 38-year-old scion to sort out conflicting evidence provided to the panel in its investigation of the ethics scandal at News Corp.'s now-shuttered News of the World tabloid.
ENTERTAINMENT
September 20, 2012 | By Henry Chu
LONDON -- British Sky Broadcasting, the satellite TV network partially owned by Rupert Murdoch, remains a “fit and proper” holder of a broadcast license despite the phone-hacking scandal that has engulfed Murdoch's media empire, Britain's communications watchdog said Thursday. However, the regulatory agency harshly criticized James Murdoch, the former head of BSkyB, for his lackadaisical response to the hacking scandal, saying he “repeatedly fell short of the conduct to be expected of him as a chief executive officer and chairman” of News International, the British arm of Rupert Murdoch's giant News Corp.
ENTERTAINMENT
November 1, 2012 | By Meg James
James Murdoch won an endorsement from shareholders to serve another year on the board of satellite television service British Sky Broadcasting. Murdoch received 95% of the vote cast Thursday in London during the annual vote of shareholders. Murdoch did, however, receive the third-lowest vote total of any of the directors up for reelection.  Two others with long-term ties to Murdoch's father, News Corp. Chairman Rupert Murdoch, received fewer votes. However, despite the mild protest, both David DeVoe, chief financial officer of News Corp., and Arthur M. Siskind, a News Corp.
ENTERTAINMENT
September 20, 2012 | By Meg James and Joe Flint
Despite a reputation tarnished by his handling of an extended phone hacking scandal in Britain, James Murdoch is preparing to step into a prominent U.S. role running much of News Corp.'s vast and profitable American based television operations, according to people familiar with the plans. James Murdoch, the 39-year-old son of media mogul Rupert Murdoch, is expected to take charge of the Fox broadcast network, FX cable channel, regional sports networks, Fox International channels and National Geographic channels - some of the most profitable assets in the $34 billion-a-year media conglomerate.
ENTERTAINMENT
May 15, 2013 | By Meg James
News Corp. Deputy Chief Operating Officer James Murdoch has sold $25 million worth of News Corp. non-voting shares as the company's stock has soared in value. Murdoch, the youngest son of media baron and News Corp. Chairman and Chief Executive Rupert Murdoch, on Monday unloaded 752,000 of the company's Class A common shares for $33.32 a share. The sale represented more than 20% of Murdoch's stock holdings in the company. He did not, however, divest his more influential Class B voting shares.
BUSINESS
February 15, 2008 | From Times Wire Services
James Murdoch, son of media mogul Rupert Murdoch, will receive a base salary of $3.4 million and could earn an additional $16 million in annual bonuses as part of his promotion to News Corp.'s head of Asian and European operations, the company said. Murdoch, viewed as the likely heir to the media empire, will also be eligible for an incentive plan under which he could be granted performance-based or discretionary equity awards.
ENTERTAINMENT
August 20, 2013 | By Meg James
This post has been updated.  See below for details. The dramatic increase in the value of 21st Century Fox stock has paid big dividends for Rupert Murdoch, James Murdoch and Chase Carey. Last week, the senior officers of 21st Century Fox were paid cash for shares they had accumulated over three years as part of their long-term performance-based compensation, according to a filing this week with the Securities & Exchange Commission. The executives -- plus David DeVoe, the company's former chief financial officer -- on Thursday received the compensation, which was based on that day's closing price of $32.27 per share of 21st Century Fox stock.
BUSINESS
July 10, 2013 | By Meg James
News Corp. Chairman Rupert Murdoch will appear before a committee of the British Parliament following revelations of a secret recording in which the media mogul seemed to say that illicit payments to news sources were routine in Britain. Murdoch, who two years ago was grilled before the same committee in the notorious phone-hacking scandal, now will be quizzed on whether he was candid in his answers during that 2011 hearing. "He will be asked to discuss his comments," Jessica Bridges-Palmer, media officer for the House of Commons Select Committee on Culture, Media and Sport, said Tuesday.
ENTERTAINMENT
July 9, 2013 | By Meg James
Media mogul Rupert Murdoch will be invited to return to Parliament to explain his comments that suggested that bribing public officials was part of the "culture of Fleet Street," a U.K. government official said Tuesday. Murdoch will be sent a written invitation requesting his appearance before the House of Commons Select Committee on Culture, Media and Sport,  said Jessica Bridges-Palmer, media officer for the committee. The formal request to Murdoch, executive chairman of News Corp., comes less than a week after revelations of the secret recording.
ENTERTAINMENT
July 9, 2013 | By Meg James
News Corp. Chairman Rupert Murdoch will accept an invitation to appear before a committee of the British Parliament to discuss taped comments he made about a police investigation into journalists' phone hacking and alleged illicit payments to British authorities. Murdoch's comments, secretly recorded during his visit to the News Corp.-owned Sun tabloid in March, have exploded into a controversy over whether the press baron was condoning the payments to officials by suggesting such behavior was part of the "culture of Fleet Street.
ENTERTAINMENT
May 15, 2013 | By Meg James
News Corp. Deputy Chief Operating Officer James Murdoch has sold $25 million worth of News Corp. non-voting shares as the company's stock has soared in value. Murdoch, the youngest son of media baron and News Corp. Chairman and Chief Executive Rupert Murdoch, on Monday unloaded 752,000 of the company's Class A common shares for $33.32 a share. The sale represented more than 20% of Murdoch's stock holdings in the company. He did not, however, divest his more influential Class B voting shares.
ENTERTAINMENT
March 19, 2013 | By Meg James
Rupert Murdoch's News Corp. is get past more than two years of bruising scandals and a U.S. government investigation into alleged corruption as the company seeks to split into two publicly traded companies this summer. The Wall Street Journal reported this week that the Department of Justice is nearing the end of a broad investigation into alleged corruption at News Corp. in the wake of the damaging phone hacking scandal at the company's British publishing unit.  The Journal said that DOJ investigators received information that Journal reporters provided gifts to officials in China in exchange for information for news articles.
BUSINESS
November 25, 2011 | By Dawn Chmielewski, Los Angeles Times
News Corp.'s chief operating officer, James Murdoch, has resigned from the boards of the companies that operate British newspapers the Sun and the Times. Murdoch remains chairman of News International, the division that controls News Corp. publishing operations in Britain. But he turned over day-to-day operations of the group to Tom Mockridge, who was named chief executive following the resignation this summer of former New International CEO and News of the World editor Rebekah Brooks.
NEWS
November 20, 2012 | By Meg James
News Corp. has acquired a 49% stake in YES, the Yankees Entertainment and Sports Network, and extended a TV rights deal that will keep the Bronx Bombers' baseball games on the network through 2042. Financial details of the deal announced Tuesday were not disclosed. YES has been valued at around $3 billion, although News Corp. would have paid less than $1.5 billion for its stake if assumption of the operation's debt was involved in the transaction. The regional sports network provides local television coverage of New York Yankees baseball and Brooklyn Nets basketball.
ENTERTAINMENT
November 7, 2012 | By Meg James
News Corp. has more than $10 billion in cash, prompting much speculation about possible takeover targets as company Chairman Rupert Murdoch prepares to split his media empire into two publicly traded companies next year. Murdoch last month expressed interest in buying the Penguin book publishing house from Pearson, but in an apparent snub to Murdoch, the company instead agreed to merge Penguin with Random House, owned by Bertelsmann. News Corp. owns a rival publishing house, HarperCollins.  News Corp.
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