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BUSINESS
February 22, 2001 | Bloomberg News
News Corp., the global media company controlled by Rupert Murdoch, said it plans to raise at least $600 million in a sale of notes. The sale could raise as much as $700 million if initial purchasers of the notes exercise options to buy more, the Sydney-based company said. It said it will use cash raised in the offering to pay debt and for "general corporate purposes." News Corp. said it expects to issue 20-year notes that holders can exchange for News Corp.
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ENTERTAINMENT
March 29, 2014 | By Meg James
NBCUniversal is closing two pioneering Internet businesses: Daily Candy, a sugary digest consumed by legions of trend-conscious women, and Television Without Pity, a website created to critique TV shows. Daily Candy announced Friday in an email to subscribers the end of its run: "It is with the heaviest of hearts that we write today to say goodbye. After 14 years delivering you the best in food, fashion, and fun, this train, as they say, is pulling into the station. " The pink-hued website, and its daily email blasts, are scheduled to end April 4. Daily Candy was an early adopter of Internet distribution, sending email newsletters to people who wanted to stay current on fashion trends and up-and-coming eateries and retail shops.
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ENTERTAINMENT
January 26, 2008 | Josh Getlin, Times Staff Writer
NEW YORK -- Publisher Judith Regan and the media conglomerate News Corp. announced a confidential settlement Friday in the $100-million lawsuit Regan had filed against her former employer. In a joint statement, both sides said an amicable resolution was reached, in which neither party admitted any liability. News Corp.
ENTERTAINMENT
March 26, 2014 | By Joe Flint
After the coffee. Before figuring out where the sun went. The Skinny: Finally finished Sunday's episode of "The Walking Dead. " We are all in agreement that there's something evil going on at Terminus, right? Wednesday's roundup includes big news from Rupert Murdoch as his two sons get more turf at 21st Century Fox and News Corp. Also, analysis of the 2013 box office and a closer look at Ben Sherwood, the new co-chairman of the Disney Media Networks unit. Daily Dose: The first Senate hearing on Comcast's proposed purchase of Time Warner Cable has been delayed.
BUSINESS
March 27, 2001 | Bloomberg News
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.
BUSINESS
May 31, 2001 | Reuters
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.
BUSINESS
August 8, 2001 | Bloomberg News
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.
BUSINESS
August 15, 1998 | From Bloomberg News
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.
BUSINESS
March 18, 1997 | From Bloomberg News
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.'
BUSINESS
June 13, 2000 | From Bloomberg News
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.
ENTERTAINMENT
March 26, 2014 | By Meg James
Media mogul Rupert Murdoch has made dramatic changes that position his two sons to ultimately take over the global media empire that Murdoch has spent most of his life building. Murdoch's eldest son, Lachlan, has been given an influential role as non-executive co-chairman of both companies: News Corp. and 21st Century Fox.  The move puts Lachlan, 42, second in line behind his father in the corporate structure of the media empire. Lachlan, who has been running a television business in Australia, had left his senior role within the company in 2005 after being marginalized in a power struggle.
ENTERTAINMENT
March 26, 2014 | By Meg James
His older son, Lachlan, quit a top executive job in the company and retreated to Australia. His second son, James, was battered by the British phone hacking scandal. Some analysts figured Rupert Murdoch's long-held ambition to leave his vast worldwide empire in the hands of a Murdoch would never happen. But with one bold stroke Wednesday, the 83-year-old Murdoch cemented a new leadership structure that ensures his two sons will be in charge of his two media companies long after he is gone.
WORLD
February 20, 2014 | By Janet Stobart
LONDON -- A London court acquitted former newspaper executive Rebekah Brooks on one of the five charges she faces in Britain's high-profile trial of seven former senior staff members and journalists from Rupert Murdoch's News Corp. on charges related to an extensive phone hacking scandal. Brooks was acquitted on a count of misconduct tied to charges that she paid $6,000 in 2006 for a photograph of Prince William dressed in a bikini at a party to be published in the Sun, a Murdoch-owned tabloid she edited at the time.
ENTERTAINMENT
February 6, 2014 | By Meg James
Rupert Murdoch's publishing company, News Corp., beat analysts' profit estimates even though advertising revenue continued to fall. News Corp. -- which includes the Wall Street Journal, New York Post, Times of London and HarperCollins book publishing -- released its fiscal second-quarter earnings late Thursday. It was the second earnings report at the company since it became a stand-alone entity at the end of June. "Direct comparables are awkward because the company, in its present form, did not exist a year ago," News Corp.
ENTERTAINMENT
January 8, 2014 | By Meg James
Nearly a decade after Rupert Murdoch moved his company's corporate headquarters to New York from his native Australia, his television and film company is moving to withdraw almost completely from Australia. 21st Century Fox announced late Wednesday that it taking steps to remove its shares from trading on the Australian Securities Exchange. The move -- which is subject to the approval of Fox Class B common stockholders -- would mean that Fox shares would solely be listed on the Nasdaq Stock Market in the U.S.  Currently, Fox shares trade on the two separate exchanges.  ON LOCATION: Where the cameras roll “Today's announcement is part of our ongoing agenda to simplify the operating and capital structure of our company,” Murdoch, chairman and chief executive of 21st Century Fox, said in a statement.
ENTERTAINMENT
December 20, 2013 | By Ryan Faughnder
Rupert Murdoch's publishing company News Corp. has acquired Storyful, a start-up that finds, verifies and distributes news and videos from social media sites, to boost its online and video efforts.  The New York-based News Corp., which owns publications including the Wall Street Journal, the New York Post and the Sun, bought the Dublin, Ireland-headquartered Storyful for about $25 million, the company said on Friday.  Storyful, which calls...
BUSINESS
July 23, 2001 | Washington Post
Federal regulators are expected this week to approve News Corp.'s $5.35-billion purchase of Chris-Craft Industries Inc.'s 10 television stations--waiving government rules that would have prevented the deal, sources said. The purchase was announced last August, but Democrats on the Federal Communications Commission have resisted approving the deal out of concern it would allow media mogul Rupert Murdoch's company to exceed agency limits on the reach of media companies.
BUSINESS
May 13, 1997 | From Bloomberg News
EchoStar Communications Corp. is suing News Corp. for $5 billion in damages for allegedly violating their joint venture and said it soon will run out of capital to expand its satellite TV business. The broadcaster also said it plans to seek another partner in a bid to build its satellite network. News Corp. had agreed to invest $1 billion and form a broadcaster intended to reach 75% of U.S. homes by 1999. The lawsuit is "without merit and we'll contest it," said News Corp. spokesman Jim Platt.
ENTERTAINMENT
December 16, 2013 | By Patrick Kevin Day
Outgoing "Tonight Show" host Jay Leno and "Veep" star Julia Louis-Dreyfus are among the six new inductees to the Television Academy Hall of Fame who were announced Monday. The other inductees are super-prolific TV writer David E. Kelley, Dolby Laboratories founder Ray Dolby, 21st Century Fox and News Corp. chairman and CEO Rupert Murdoch and veteran TV executive Brandon Stoddard. All of the honorees have proved themselves to be resilient in the face of an ever-changing entertainment landscape.
NEWS
November 19, 2013 | By Meg James
Media mogul Rupert Murdoch and third wife, Wendi Deng Murdoch, are close to finalizing their divorce, according to people with knowledge of the matter. The estranged couple has negotiated a settlement that will bring their 14-year marriage to an end. "Rupert is very happy to have this almost behind him," said a person close to the mogul who requested anonymity because the person was not authorized to speak publicly. PHOTOS: Highest-paid media executives of 2012 A New York judge must approve the settlement.
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