May 24, 2006 |
A judge ordered News Corp., the media company controlled by billionaire Rupert Murdoch, to revise the settlement of a shareholder lawsuit over its "poison pill" takeover defense. Delaware Chancery Court Judge William B. Chandler III said he would approve the accord after lawyers clarified a section that limits investor lawsuits against News Corp. Liberty Media Corp., which owns 18% of News Corp., had objected that the wording was too broad. Investors sued New York-based News Corp.
July 19, 2007 |
Dow Jones & Co. director David Li was told by U.S. regulators that they might seek to sue him in connection with a probe of suspected insider trading ahead of News Corp.'s offer to buy the company, a person with direct knowledge of the matter said. The Securities and Exchange Commission gave Li a so-called Wells Notice, indicating that the agency's investigators plan to recommend legal action against him, said the person, who declined to be identified because the warning wasn't public.
July 1, 2004 |
News Corp. on Wednesday said it lost $7 million on the $128-million sale of its stake in the Staples Center arena in downtown Los Angeles to billionaire Philip Anschutz. News Corp., the Sydney, Australia-based media company controlled by Rupert Murdoch, sold its 40% stake to Anschutz Entertainment Group Inc. in May. Terms were not disclosed at the time. The company disclosed the loss Wednesday in a filing with the Securities and Exchange Commission. News Corp.
CALIFORNIA | LOCAL
October 11, 2003 |
News Corp. has agreed in principle to sell the Dodgers to Boston real estate developer Frank H. McCourt, both parties announced Friday. Neither would reveal the sale price, but it is believed to be about $430 million. The deal, reached after weeks of private negotiations, includes the team, plus Dodger Stadium and surrounding property, the club's Vero Beach, Fla., spring training headquarters and its player development complex in the Dominican Republic.
January 2, 2003 |
Hoping to boost the appeal of digital television, News Corp.'s Fox Group unit and Philips Research announced a new technology Wednesday that they say would deliver perfect digital TV signals to more homes through indoor antennas. The technology resulted from three years of research into digital TV reception in Los Angeles and three other major metropolitan areas.
August 1, 2009 |
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.
February 5, 2007 |
Fox Television Stations Inc. is signing up new affiliates for its news programs: bloggers. The News Corp. group, which owns 35 TV stations across the country, struck a deal last week with Internet company Critical Mention Inc. to push video segments from its local news shows to blogs and other enthusiast websites.
July 21, 2005 |
The young hipsters who congregate on MySpace.com are known for posting revealing information about themselves. So when Rupert Murdoch's News Corp. announced this week that it had agreed buy the popular social networking website's parent company for $580 million, pranksters rushed to set up phony profiles of the 74-year-old media tycoon.
October 3, 1997 |
News Corp. said Thursday it has bought a majority stake in FiT TV, a health and fitness cable channel created by fitness guru Jake Steinfeld, for an undisclosed price. News Corp. will run the closely held 24-hour channel through its Fox/Liberty Networks and International Family Entertainment units. Body by Jake Enterprises and Reebok International will maintain minority stakes in FiT TV. The channel reaches about 8 million subscribers through cable and satellite TV services.
March 5, 2003 |
News Corp.'s 20th Century Fox and Marvel Enterprises Inc. have settled a lawsuit over Marvel's "Mutant X" television show. Terms of the settlement are confidential, said Ted Russell, a vice president at Fox, which sued Marvel nearly two years ago to stop production of the Tribune Co.'s syndicated television show. Fox claimed the program was a copycat of its popular "X-Men" movie, which was released in 2000 and made more than $163 million.