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BUSINESS
July 10, 2013 | By Meg James
News Corp. Chairman Rupert Murdoch will appear before a committee of the British Parliament following revelations of a secret recording in which the media mogul seemed to say that illicit payments to news sources were routine in Britain. Murdoch, who two years ago was grilled before the same committee in the notorious phone-hacking scandal, now will be quizzed on whether he was candid in his answers during that 2011 hearing. "He will be asked to discuss his comments," Jessica Bridges-Palmer, media officer for the House of Commons Select Committee on Culture, Media and Sport, said Tuesday.
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ENTERTAINMENT
July 10, 2013 | By Meg James
Tribune Co.'s plan to spin off its newspapers, including the Los Angeles Times and Chicago Tribune, into a stand-alone publishing company follows in the footsteps of Rupert Murdoch's News Corp. -- and other media companies. Nearly two weeks ago, News Corp. divided into two separate companies: 21st Century Fox and the much smaller publishing group News Corp. 21st Century Fox contains the hugely profitable television networks, including Fox News Channel and Fox Broadcasting, 20th Century Fox movie studio and interests in satellite TV services around the globe.
BUSINESS
July 10, 2013 | By Walter Hamilton
Tribune Co. announced plans Wednesday to spin off its beleaguered newspaper unit into a separate company, freeing the media conglomerate to focus on its more promising television and Internet properties. The new entity, to be called Tribune Publishing Co., would include the Los Angeles Times, the Chicago Tribune and six other daily papers. All other assets, including the company's real estate holdings and stakes in several Internet sites, would remain part of Tribune Co. The spinoff would be tax-free to Tribune shareholders and could take as long as a year to complete.
ENTERTAINMENT
July 10, 2013 | By Joe Flint
After the coffee. Before figuring out if I get stock options. The Skinny: Apologies for running a little late this morning. Wednesday's headlines include Tribune Co. splitting off its newspaper unit into a separate company, Rupert Murdoch agreeing to appear before Parliament agan and Meredith Vieira getting a new daytime talk show. Daily Dose: While Fox Sports is busy promoting the launch of Fox Sports 1, its new national cable channel that debuts in August, it is still staying quiet on Fox Sport 2, the sister channel it has in the works.
ENTERTAINMENT
July 9, 2013 | By Meg James
Media mogul Rupert Murdoch will be invited to return to Parliament to explain his comments that suggested that bribing public officials was part of the "culture of Fleet Street," a U.K. government official said Tuesday. Murdoch will be sent a written invitation requesting his appearance before the House of Commons Select Committee on Culture, Media and Sport,  said Jessica Bridges-Palmer, media officer for the committee. The formal request to Murdoch, executive chairman of News Corp., comes less than a week after revelations of the secret recording.
ENTERTAINMENT
July 8, 2013 | By Meg James
Rupert Murdoch's 21st Century Fox has realigned a big chunk of its television empire, bringing its syndication and distribution business under the control of two respected Fox executives, Dana Walden and Gary Newman. Walden and Newman have jointly run the company's profitable television production studio, Twentieth Century Fox Television, for more than a decade. The studio is home to such network hits as "Modern Family," "Family Guy," "The Simpsons," "Glee" and "Homeland. " As part of the realignment, the arm that sells television shows, known as Twentieth Television, moves over to become a division of the Los Angeles-based production studio.
ENTERTAINMENT
July 6, 2013 | By Meg James
Scotland Yard detectives are interested in a surreptitious recording of Rupert Murdoch, according to the Guardian newspaper of London. In the recording, News Corp.'s chairman seemed to suggest that bribing public officials was part of "the culture of Fleet Street. "  On Saturday, the Guardian said a detective with Scotland Yard had requested the tape, which was secretly recorded in March when the 82-year-old News Corp. chairman visited staff members of The Sun in London. During the meeting, Murdoch disparaged police officers and their handling of the two-plus-year phone hacking probe.
ENTERTAINMENT
July 1, 2013 | By Meg James
On the first day of trading as separate companies, Rupert Murdoch's television and movie empire, 21st Century Fox, gained nearly 2% while the publishing company ended the day down 5%. Still, the publishing entity, which took the name News Corp., largely held its own with investors. Murdoch last year agreed to break his media empire News Corp. in two pieces in large part to free the entertainment businesses from the drag of the newspapers, which have declined in profitability.
ENTERTAINMENT
June 28, 2013 | By Meg James
Rupert Murdoch's sprawling, $75-billion global empire has broken into two separate companies: 21st Century Fox and a much smaller News Corp. Friday afternoon, just after the close of trading, the company finalized the transaction that had been in the works for more than a year. Beginning Monday, shares of the two companies, both controlled by Murdoch and his family, will trade separately on the NASDAQ stock exchange.  The 82-year-old media baron has spent the last 60 years building an enormous empire from a single newspaper in his native Australia.
ENTERTAINMENT
June 25, 2013 | By Meg James
Rupert Murdoch wants his newspapers lean and mean for their roll-out on Wall Street. On Friday, Murdoch will have completed the breakup of his media empire. One company - News Corp. - will consist of Murdoch's newspapers, including the Wall Street Journal, HarperCollins book publishing, Amplify, an educational materials company and some Australian TV operations. The other company - 21st Century Fox - will consist of the 20th Century Fox film and television studios, Fox Broadcasting, FX Networks, Fox Sports and the Fox News Channel.  PHOTOS: Cable versus broadcast ratings While investors are excited about 21st Century Fox, whose assets are seen has having the best growth potential, there is concern about News Corp.
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