January 14, 2010 |
Rupert Murdoch's News Corp. moved quickly Wednesday to damp speculation that Fox News Chairman Roger Ailes' future with the media giant was in doubt. "News Corp. is 100% behind Roger Ailes," News Corp. President Chase Carey said, adding, "We hope and expect he will continue to lead Fox News well into the future." The media giant looked to pour water on an Internet brush fire of stories claiming that Ailes' days at Fox News were numbered. Kicking off those reports were critical comments about Ailes made by Matthew Freud, the husband of Murdoch's daughter Elisabeth.
November 24, 2010 |
News Corp. has agreed to acquire Wireless Generation Inc., an education technology company in a deal that signals the media giant's move into the education market. The Rupert Murdoch-controlled media giant said it would pay $360 million in cash for a 90% stake in the privately held company that makes software to help teachers evaluate students and tailor individualized instruction. Wireless Generation's technology already is being used by more than 200,000 teachers across the country, News Corp.
August 12, 2011 |
After taking a drubbing from investors during the last month because of the British phone-hacking scandal, Rupert Murdoch's News Corp. generated some positive headlines. Amid a broader market rally Thursday, shares in the media company soared 18% to $16.19 after News Corp.'s earnings beat analysts' expectations. The 80-year-old Murdoch also pleased investors during a Wednesday after-market earnings call by clarifying that his top deputy, Chief Operating Officer Chase Carey, would succeed him as chief executive if Murdoch was, in his words, "run under a bus. " News Corp.
September 21, 1986 |
Media magnate Rupert Murdoch has closed escrow on the Beverly Hills-area home previously owned by the late philanthropist/physician/creator of a billion-dollar entertainment empire, Dr. Jules Stein. And aficionados of the late great architect Wallace Neff will be glad to hear that Murdoch plans to maintain the 1927 house, which sits on about seven acres, with a panoramic view.
July 18, 2012 |
George Michael is delighted to be alive, but when he came back to life out of a coma last December, he spent a couple of days speaking in an accent that wasn't his own. While doctors worried that he had brain damage following a horrid bout with pneumonia that included days in a coma, Michael told Britain's LBC radio , it turned out the London-born chap was just channeling a "Bristolian," West Country accent from a British comedy called "Nighty...
October 15, 1985 |
The richest of the rich in America is worth $2.8 billion, while the poorest of the rich checks in at a mere $150 million. But who's counting? Forbes magazine, that's who, and its 1985 list of the nation's 400 richest people is topped by Sam Moore Walton of Bentonville, Ark., who has made $2.8 billion through his Wal-Mart discount stores. Walton, who danced a hula on Wall Street last year when profit goals were met, replaced Gordon Getty, the front-runner for the past two years.