Advertisement
 
YOU ARE HERE: LAT HomeCollectionsNews Corp Ltd
IN THE NEWS

News Corp Ltd

FEATURED ARTICLES
BUSINESS
July 19, 1993 | From Times Staff and Wire Reports
Murdoch Plan Probed: The Australian Broadcasting Authority has launched an investigation into media mogul Rupert Murdoch's plan to buy 15% of Seven Network Ltd., one of the nation's three commercial television networks. Sources said the watchdog group is most concerned about Murdoch News Corp. Ltd.'s relationship with another big investor, Telstra Corp. Ltd., the government-owned operator of Australia's largest telephone company, which plans to take 10% of the network.
ARTICLES BY DATE
BUSINESS
January 2, 2010 | By Joe Flint
The first big media showdown of 2010, which threatened to break out in war, ended with a peace treaty. After weeks of posturing and mudslinging media campaigns, an agreement was reached Friday afternoon that will keep News Corp.'s Fox television stations and several of its cable channels on Time Warner Cable systems in Los Angeles and nationwide. The deal was struck less than a day after the previous contract expired, averting a potential public relations disaster for both companies.
Advertisement
BUSINESS
March 29, 1993 | From Reuters
Media magnate Rupert Murdoch has agreed to retake control of the embattled New York Post from controversial tycoon Abe Hirschfeld, Murdoch's News Corp. Ltd. said Sunday, signaling what may be the end to one of the most bizarre takeovers in the nation's newspaper history. The agreement, signed by Hirschfeld and Murdoch, would transfer the tabloid Post from Hirschfeld to a News Corp. unit.
BUSINESS
January 1, 2010 | By Joe Flint
News Corp.'s Fox TV stations and several of its cable networks remained on Time Warner Cable systems as executives from the two companies negotiated late into the New Year's Eve night on a new contract that would prevent the signals from going dark. Representatives for both sides indicated that negotiations, which had been taking place over the last three days in a conference room on Fox's Century City lot, were cordial. Signaling that headway was appearing to be made, the two companies agreed to a three-hour extension of the contract after a midnight deadline passed on the East Coast.
BUSINESS
December 2, 1987 | Associated Press
Rupert Murdoch is facing a public outcry and regulatory scrutiny over his reported plans to buy control of Australia's domestic news agency and tighten his grip on the nation's main newsprint maker. Murdoch's News Corp. Ltd., which already is Australia's biggest media company, reportedly is seeking to double its holdings in Australian Associated Press by purchasing a 40% stake now held by John Fairfax Ltd. That also would increase News Corp.'
BUSINESS
December 23, 2003 | From Bloomberg News
General Motors Corp. on Monday divested Hughes Electronics Corp. through a spinoff and sale of Hughes stock to News Corp. for $3.1 billion in cash, plus News Corp. preferred shares, giving Rupert Murdoch control of the biggest U.S. satellite TV service. GM distributed one share of Hughes common stock for each share of GM Class H common stock, Detroit-based GM said in a statement. GM also sold its 19.8% stake in Hughes to Murdoch's Sydney, Australia-based News Corp.
BUSINESS
September 14, 1989 | KATHRYN HARRIS, Times Staff Writer
In an 11th-hour move, two Rupert Murdoch-controlled companies have made a $1.8-billion bid for MGM/UA Communications Co., which was slated to merge with a smaller Australian company in two weeks. MGM/UA said that its directors will meet today to consider the offer, made jointly by News Corp. Ltd. and Fox Inc., the parent of rival film studio 20th Century Fox Film Corp. MGM/UA has been asked for a decision within 24 hours, according to one executive familiar with the bid.
BUSINESS
March 23, 2009 | Meg James
News Corp. executives are famous for their swagger and bravado. But not Tony Vinciquerra. "You won't get any witty banter out of me," he said matter-of-factly. News Corp. Chief Executive Rupert Murdoch this month put Vinciquerra in charge of all the company's entertainment networks, including Fox Broadcasting and 30 cable channels, such as FX, Fox Sports and National Geographic.
NEWS
September 14, 1989 | KATHRYN HARRIS, Times Staff Writer
In an 11th-hour move, two companies controlled by Rupert Murdoch have bid $1.8 billion for MGM/UA Communications Co., which was slated to merge in two weeks with Qintex, an Australian company. If Murdoch's slightly higher bid succeeds, he would control two major Hollywood studios that together captured nearly 22% of the box office in 1988. MGM/UA said that its directors will meet today to consider the offer, made jointly by News Corp. Ltd. and Fox Inc.
BUSINESS
May 26, 2001 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a stunning twist in the takeover saga of Hughes Electronics, the board of the satellite TV provider abruptly ousted Chairman Michael T. Smith late Thursday night, removing a major obstacle to News Corp.'s proposed takeover of the El Segundo concern. Smith's departure caps growing friction between Hughes and its parent company, General Motors Corp. Although GM ordered Hughes management earlier this month to concentrate on completing the News Corp.
BUSINESS
December 31, 2009 | By Joe Flint
With only hours to go until their current contract expires, News Corp. and Time Warner Cable Inc. were still trying to hammer out a new deal for the cable system operator to carry News Corp.'s Fox TV stations and several of its cable networks. The likelihood of a new accord before today's midnight deadline appeared to be quickly diminishing, and the possibility was increasing that millions of Time Warner subscribers could see Fox shows disappear from their TV screens. On Wednesday, News Corp.
BUSINESS
December 30, 2009 | By Joe Flint
Don't panic if you're watching Fox's New Year's Eve special and the screen goes black moments before host Carmen Electra finishes screaming "Happy New Year." There's nothing wrong with your TV. You're just caught in a brawl between two media giants. At issue are the fees that News Corp., Rupert Murdoch's sprawling media empire, is demanding that Time Warner Cable pay for transmitting its Fox stations -- including KTTV-TV Channel 11 and KCOP-TV Channel 13 in Los Angeles -- as well as cable networks such as FX, Fox Sports West and Prime Ticket.
BUSINESS
November 5, 2009 | Dawn C. Chmielewski
Emphasizing a major shift in strategy, News Corp. all but conceded Wednesday that its once-dominant social network MySpace is no longer competitive with rival Facebook or micro-blogging service Twitter and will seek to rebuild the site around entertainment. News Corp. said MySpace -- whose 2005 acquisition was once considered so pivotal that it landed Chairman and Chief Executive Rupert Murdoch on the cover of Wired magazine -- has undergone layoffs and a massive restructuring but continues to lose revenue.
BUSINESS
August 22, 2009 | Martin Zimmerman
The Dow Jones industrial average might be up for sale by its owner, News Corp., a move that conceivably could result in a name change for the 125-year-old stock market barometer. The Wall Street Journal, citing unnamed sources, reported Friday that News Corp. was considering selling its stock index business and had reached out to potential buyers. News Corp., which is controlled by Rupert Murdoch, declined to comment. Dow Jones & Co., which News Corp. acquired in 2007, offers thousands of stock indexes that are used as benchmarks by investors and licensed for use by mutual funds and other investment products.
BUSINESS
August 21, 2009 | Dawn C. Chmielewski
As newspapers across the country struggle with declining readership and advertising revenue, News Corp. executives have been meeting in recent weeks with publishers about forming a consortium that would charge for news distributed online and on portable devices -- and potentially stem the rising tide of red ink. Chief Digital Officer Jonathan Miller has positioned News Corp. as a logical leader in the effort to start collecting fees from online readers because of its success with the Wall Street Journal Online, which boasts more than 1 million paying subscribers.
BUSINESS
August 6, 2009 | Ben Fritz
After spending a little more than $1.5 billion on Internet assets over the last four years, News Corp. acknowledged Wednesday that they had lost nearly one-third of their value. The conglomerate's $452-million impairment charge for its Fox Interactive Media unit, which includes the MySpace social networking site, was the biggest piece of bad news for the fiscal fourth quarter ended June 30, during which revenue fell 11% to $7.7 billion and the company swung to a $203-million loss from $1.
NEWS
February 22, 1990 | PAUL RICHTER, TIMES STAFF WRITER
Four top media and communications companies Wednesday disclosed plans for a television service that they say will be bouncing dozens of channels off satellites and into American homes by late 1993. National Broadcasting Co., Hughes Communications, Rupert Murdoch's News Corp. and Cablevision Systems said the $1-billion Sky Cable venture will rely on compact 12-by-18-inch receiving antennas and the most powerful commercial satellites in use.
BUSINESS
August 1, 2009 | Joe Flint
The on-screen and behind-scenes feuding between rivals Fox News and MSNBC, which has erupted in recent months like two kids squabbling, has gotten so loud that their parents are trying to tell them to knock it off. Rupert Murdoch, chairman and chief executive of News Corp., which owns Fox News, and Jeffrey Immelt, chief executive of General Electric Co., which owns MSNBC, met up at the Microsoft CEO summit in Redmond, Wash.
BUSINESS
July 2, 2009 | Joe Flint
News Corp. certainly made it worthwhile for Chase Carey to return to the company. Documents filed with the Securities and Exchange Commission reveal that Carey, who as of Tuesday rejoined Rupert Murdoch's News Corp. as deputy chairman, president and chief operating officer, received a signing bonus of $10 million and will earn a base salary of $8.1 million. Carey's five-year contract also includes bonuses that could earn him as much as an additional $25 million annually.
Los Angeles Times Articles
|