April 5, 2008 |
News Corp.'s Fox Interactive Media said it would fall short of Chairman Rupert Murdoch's target for revenue of $1 billion this fiscal year and announced a reorganization of the unit designed to drive growth. "It wasn't one smoking gun. It was a series of things that were a little late to come to market," said Michael Barrett, who will step down as chief revenue officer at Fox Interactive after a two-month transition period.
February 21, 2008 |
MySpace, the top social networking site owned by News Corp., is in talks to create an online music joint venture with the four biggest record companies, sources familiar with the discussion said Wednesday. The talks are part of Rupert Murdoch's plans to distinguish MySpace, a haven for new music fans, from fast-moving rival Facebook as the premier destination for digital media. Plans for the service, tentatively named MySpace Music, are still in the discussion phase.
December 14, 2007 |
Rupert Murdoch completed his $5-billion-plus deal to acquire Dow Jones & Co., adding the Wall Street Journal to his News Corp. and ending a century of control by the Bancroft family. From Times Wire Services
December 8, 2007 |
Wall Street Journal publisher Gordon Crovitz will resign after News Corp.'s acquisition of Dow Jones & Co. is complete, the companies said. Crovitz, who is also executive vice president of Dow Jones and president of its consumer media group, will write a column for the Journal after he departs. He will be replaced by Robert Thomson, currently editor of the Times of London, a News Corp. newspaper. Dow Jones General Counsel Joseph Stern, a board member, also will leave.
December 7, 2007 |
Richard Zannino will depart as chief executive of Dow Jones & Co., publisher of the Wall Street Journal, after the company completes its sale to Rupert Murdoch's News Corp. next week, Dow Jones announced Thursday. News Corp. plans to announce today that Zannino will be succeeded by Les Hinton, a longtime newspaper publishing executive at News Corp.
December 5, 2007 |
News Corp. on Tuesday agreed to buy Beliefnet, a popular website devoted to religious issues and social networking, adding to an Internet portfolio that includes such decidedly secular sites as MySpace.com and AskMen.com. Unlike News Corp.'s other Internet properties, however, Beliefnet will be folded into the company's Fox Entertainment Group's digital arm.