March 27, 2001 |
News Corp., owner of the Fox television network, said it named Michael Regan Jr., a former executive of NextWave Telecom Inc., as its senior vice president of government affairs. Regan, 40, takes over responsibility for government affairs from Robert Quicksilver, executive vice president of network distribution at News Corp.'s Fox Broadcasting Co. Quicksilver will remain with the company in his current position, spokesman Andrew Butcher said.
May 31, 2001 |
The Federal Communications Commission will take weeks to complete its review of media titan News Corp.'s bid to acquire Chris-Craft Industries Inc. to allow three new commissioners to get up to speed, the agency's chief said Wednesday. The deal lacked enough support on the previous commission to win final approval. Two Republicans, Kathleen Abernathy and Kevin Martin, and one Democrat, Michael Copps, were confirmed last week by the Senate as commissioners of the FCC, which has five seats.
August 8, 2001 |
Hughes Electronics Corp., operator of DirecTV, the top U.S. satellite TV broadcaster, was sued by a shareholder who wants a judge to block a possible takeover by News Corp. and order the company auctioned. News Corp., headed by Rupert Murdoch, has been in takeover talks with Hughes, a unit of General Motors Corp. EchoStar Communications Corp., the No. 2 U.S. satellite TV service with its Dish TV network, has offered to buy Hughes for about $30 billion.
August 15, 1998 |
News Corp. on Friday filed for the anticipated spinoff of part of its U.S. film, television and sports businesses, a move that could help Chairman Rupert Murdoch boost his company's market value. News Corp., the world's fifth-largest media company, said in late June that it planned to sell as much as 20% of Fox Entertainment Group Inc. to the public. Fox Entertainment's filing with the Securities and Exchange Commission didn't disclose how much it hoped to raise in the stock sale.
March 18, 1997 |
News Corp. agreed to buy Heritage Media Corp. for $1.35 billion in stock and assumed debt, a deal that would swallow News Corp.'s main competition in product promotions in U.S. supermarkets. The Australian media giant said it would pay $20.50 a share for Heritage, a 69% premium to Friday's closing price. News Corp., owner of Fox television, plans to sell Heritage's six television and 24 radio stations. This year, News Corp.'
June 13, 2000 |
News Corp., the media company controlled by Rupert Murdoch, plans to name Chase Carey to head its new satellite television company, according to a person close to News Corp. Carey has been co-chief operating officer of the world's fourth-biggest media company since 1996 and has been a key figure in guiding its global strategy. He also serves in the five-person office of the chairman and is a member of News Corp.'s board. News Corp.